Science, asked by divya3046, 9 months ago

Has banks and currents ​

Answers

Answered by JINIOUSJHON
4

Answer:

Current bank account is opened by businessmen who have a higher number of regular transactions with the bank. It includes deposits, withdrawals, and contra transactions. It is also known as Demand Deposit Account.

Answered by Rameshjangid
0

Answer:

Businessmen that do a significant volume of regular transactions with the bank open current bank accounts.

Explanation:

Step : 1Current bank accounts are particularly popular among corporations, firms, public enterprises, and businesspeople who have a high volume of frequent bank transactions. Deposits, withdrawals, and contra transactions are all part of the current account. These accounts are also known as Demand Deposit Accounts.

Step : 2Current bank accounts are particularly popular among corporations, firms, public enterprises, and businesspeople who have a high volume of frequent bank transactions. Deposits, withdrawals, and contra transactions are all part of the current account. These accounts are also known as Demand Deposit Accounts. Most commercial banks allow you to open a current account. As a zero-account, a current account is typically connected with large transactions on a regular basis. These accounts do not generate interest because of the flexibility they provide. These do not normally have a restriction on the number of transactions that can be made.

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