CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Write a word or phrase or a term which can substitute each one of the following:

An account holder enjoys the privileges of any number of withdrawals.

Open in App
Solution

An account holder enjoys the privileges of any number of withdrawals- Current account holders
Explanation:
Under current account, the holder can make any number of withdrawals. It is specially meant for the businesspersons who make and receive large number of business payments. However, they do not earn interest on the current account deposits.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Analysing Capital Accounts
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon