Question

Which type of account typically has very high liquidity, low or no interest, and low minimum balance?

Answer 1

Thanks for the question!

It is definitely a very interesting question to solve and do some brainstorming.

**************************************************


Checking account or current account has very high liquidity, low or no interest, and requires low minimum balance. This type of account is generally used for the daily transactional purpose by commercial organisations. Therefore, there is low or no interest accrued for the account.




**************************************************
Hope it helps and solves your query!!