Select the Proper Option from the Options Given Below and Rewrite the Completed Sentences. the Account Suitable for Creating a Saving Habit is ________. - Organisation of Commerce and Management

MCQ

Select the proper option from the options given below and rewrite the completed sentence.
The account suitable for creating a saving habit is ________.

Options

Current account
Recurring deposit account
Saving account

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Solution

The account suitable for creating saving habit is savings account.
Explanation:
A savings account is an account that caters to the needs of those individuals who wish to save a part of their incomes and earn interest on the amount saved. As this account does not allow customers to make frequent withdrawals from their accounts, it promotes the habit of saving among them.

Concept: Meaning of Business Services

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Chapter 2: Business Services - Select the proper option [Page 81]

Q 2 Q 1 Q 3

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