1
Question
A bank account which the businessman prefers to open is the ____________.
A bank account which the businessman prefers to open is the ____________.
Open in App
Solution
The correct option is C 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.
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.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
