Vishruth is an entrepreneur. The type of account he can opened in bank option (a) Savings Bank (b) Fixed deposit account (c) Recurring deposit account (d) current account
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Fixed deposits account is the correct answer
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(d) current account
Explanation:
- Current bank accounts are popular amongst businesses, companies, public corporations, and entrepreneurs having higher volume of regular bank transactions.The current account comprises deposits, contra transactions, & withdrawals.
- A current bank account is one of the "primary requirements" for an entrepreneur who starts a business. However, current account, unlike savings account, is a "no interest-bearing" deposit account.
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what's the difference between current account and saving account ...
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