Question

Banks provide a higher rate of interest on which one of the following accounts?
A. Saving account
B. Current account
C. Fixed deposits for long period
D. Fixed deposits for very short period(All India - 2012)

Answer 1

Answer:

B) Current account

Explanation:

because bank only provide a higher rate of interest on which they want to improve their capacity

Answer 2

Answer:

Fixed deposits for long period (c)

Explanation:

it is the bank's main part of the income. So, banks provide higher rates of interest on deposits.

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