Question

which type of bank account is suitable for A) students B) Businessmen​

Answer 1

Answer:

Current Account

Bank Accounts are of 4 types namely savings, current, fixed deposit and the recurring deposit account.

A current account is the one whereby day to day transactions of the business are carried out. Business payments and receipts are done using such current accounts. It provides benefits like overdraft or loan facility to the current account holders for business operations and hence it is the most preferred account by the businessman.

Answer 2

Answer:

Businessmen

[A current account is the one whereby day to day transactions of the business are carried out.]