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Question
The current account holders are not given interest on their deposits. The reason being:
Options
Current account holders maintain their account only for a very short period.
They belong to the high-income group and do not need interest from the bank.
The businessmen who opened these accounts eam huge profit from their businesses.
There is no limitation on the number of withdrawals by the current account holders.
Solution
There is no limitation on the number of withdrawals by the current account holders.
Explanation:
Current accounts are usually used by businesses and individuals who need quick and easy access to their funds. Banks do not pay interest on these deposits because there is no limit to the amount of withdrawals and transactions that can be done without restriction.
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