Advertisements
Advertisements
Questions
Distinguish between saving account and current account.
Give one difference between savings account and current account.
State any one difference between savings account and current account.
Advertisements
Solution
| Savings Account | Current Account |
| Interest rates are lower than fixed deposit accounts, but greater than current accounts. | This account cannot earn interest due to high operating costs. |
Notes
Students should refer to the answer according to their questions.
APPEARS IN
RELATED QUESTIONS
How is a commercial bank different from a central bank?
Select the proper option from the options given below and rewrite the sentences:
In E-business, payments have to be made ______
Distinguish between the following:
Current account & Recurring deposit account
Write Short Note on the following:
Types of banks
Distinguish between:
Fixed Deposit Account and Recurring Deposite Account.
Explain the different types of banks.
The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.
Distinguish between the Central Bank and the Commercial Bank.
Public Banks are the banks which are ______.
RBI is ______.
Which of the following is a Commercial Bank?
The ______ of a country serves as the leader of the banking system and the money market.
Central bank is owned by the ____ while commercial bank is owned by ______.
“The central bank is a banker’s bank.” Explain.
______ are of several types, e.g., commercial, central, industrial, merchant, exchange, agricultural, cooperative, postal and indigenous.
______ is a Banker’s Bank.
Small Finance Banks are mainly designed to serve ______.
