Business Studies, asked by kamilmalik4376, 11 months ago

mention any other feature of that deposit account

Answers

Answered by Anonymous
1

Overdraft facility is allowed only in current accounts for a short period of time.

Current accounts are those accounts in which there are almost no limits on the numbers of withdrawals.

Generally these accounts offer no interest or a minimum rate of interest.

Overdraft facility helps the businessman to arrange for short term funds in an emergency situation.

Answered by MajesticPrince
7

overdraft facility by a deposit account on future............

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