_________ account is suitable for salaried people.
A
Current
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B
Saving
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C
Over draft
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D
None of these
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Solution
The correct option is D Saving Salary Account opened with a bank is a form of savings account. It is generally as 'Zero balance' account. It encourages savings among salaried people.
Current account is opened by business entities who have numerous transactions.
Overdraft is a facility given by the bank to the account-holders (basically current account holders).