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Question
A ______ is meant for day to day transactions.
Options
Current account
Saving account
Fixed deposit account
Recurring deposit account
Solution
A Current account is meant for day to day transactions.
Explanation:
A current account is typically used for day-to-day transactions. It is intended for frequent and consistent use, allowing businesses and individuals to deposit and withdraw funds as needed, with no limit on the number of transactions. It is widely used by organizations, dealers, and professionals to manage operational and transactional requirements.
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