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Question
Fill in the blank with appropriate alternatives given below
Deposits from __________ account can be withdrawn without any notice.
Options
saving
current
fixed
recurring
Solution
Deposits from current account can be withdrawn without any notice.
Explanation:
Current account deposits (also known as demand deposits) refer to those deposits that provide the depositor the liberty to withdraw money at any point of time. Such deposits prove useful for businessmen as they are required to deal with many transactions in a single day.
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