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Question
State with Reasons whether the following statement TRUE or FALSE.
Current account is suitable for salaried people.
Options
True
False
Solution
Current account is suitable for salaried people- False
Explanation:
No, current account is not suitable for salaried people. This account is generally meant for business class people who make and receive a large number of payments. On the other hand saving account is more suitable for the salaried people as it helps in saving a portion of their income.
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