ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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basic checking account
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savings account
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charge account
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credit account
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Detailed explanation-1: -A savings account in a bank allows you to deposit and withdraw money any time you want.
Detailed explanation-2: -Savings accounts. Debit and credit cards. Merchant services (credit card processing, reconciliation and reporting, check collection) Treasury services (payroll services, deposit services, etc.)
Detailed explanation-3: -What is Commercial Bank? A commercial bank is a kind of financial institution that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, and other such activities. These banks are profit-making institutions and do business only to make a profit.
Detailed explanation-4: -Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others. Savings account. Salary account. Fixed deposit account. Recurring deposit account. NRI accounts.