2
Question
_______ account holder earns the lowest interest rate from commercial banks.
_______ account holder earns the lowest interest rate from commercial banks.
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Solution
The correct option is D Current
Current deposit account is a type of bank account which is opened
by the people in order to do business transaction which is why it is also known
as business account. Since this account is solely for business transaction purpose and no accumulated deposits, therefore they earn the lowest rate of interest in comparison to any other type of bank account offered by the commercial banks.
Current deposit account is a type of bank account which is opened by the people in order to do business transaction which is why it is also known as business account. Since this account is solely for business transaction purpose and no accumulated deposits, therefore they earn the lowest rate of interest in comparison to any other type of bank account offered by the commercial banks.
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