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What are current accounts? - Commercial Applications

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प्रश्न

What are current accounts?

What is a current account?

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उत्तर

Amounts in a current account can be deposited and withdrawn an unlimited number of times. It is opened by a businessman who has a significant volume of frequent bank transactions. A current account holder can get an overdraft from the bank. This sort of account does not pay interest.

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Commercial Banks: Functions
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Banking and Bank Transactions - EXERCISES [पृष्ठ १२५]

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गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
अध्याय 7 Banking and Bank Transactions
EXERCISES | Q 8. | पृष्ठ १२५
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