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Explain three main features of a current bank account. - Economic Applications

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प्रश्न

Explain three main features of a current bank account.

थोडक्यात उत्तर

उत्तर

The main features of a current bank account are as follows:

  1. Current bank account is opened to run a business.
  2. It needs a higher minimum balance to be maintained as compared to the savings account.
  3. It is a non-interest bearing bank account.
  4. There is no restrictions on the number of transactions. 
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Commercial Banks: Functions
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 8: Commercial Banks - QUESTION BANK [पृष्ठ २०३]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 8 Commercial Banks
QUESTION BANK | Q 27. | पृष्ठ २०३
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 7 Commercial Banks
QUESTION BANK | Q 27. | पृष्ठ १४८
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