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Question
When businessman takes money from bank out of its account it is known as _________.
When businessman takes money from bank out of its account it is known as _________.
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Solution
The correct option is C withdrawal
The bank is a keeper of our money and safeguards it also paying an interest.If any money is taken from the bank it is called 'withdrawal', which is the right of the account holder, to withdraw as per his wish within the limits as prescribed by the respective banks.
The bank is a keeper of our money and safeguards it also paying an interest.
If any money is taken from the bank it is called 'withdrawal', which is the right of the account holder, to withdraw as per his wish within the limits as prescribed by the respective banks.
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