MyQuestionIcon

8

You visited us 8 times! Enjoying our articles? Unlock Full Access!

Current Deposit

Banks do not ...

Question

Banks do not provide any interest money to the customers who access current deposits accounts.

A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True

Suggest Corrections

thumbs-up

1

Similar questions

Q. State the following statement is True or False
In fixed deposit account ,bank does not provide interest

Q. A girl deposits

300

in a bank account. The bank offers

7

intersection per year.
Assuming the girl does not take any money out of the account, calculate:

Banks give no interest on the money deposited in Savings Account.

In a Current Account, 4% interest is provided by the bank on the amount deposited in the account.

Q. Banks do not pay any interest on __________accounts. Rather, banks impose service charges for running these accounts.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Forming Squares

ECONOMICS

Watch in App

explore_more_icon

Explore more

Current Deposit

Standard X Economics

Join BYJU'S Learning Program

CrossIcon