MCQ
Select the proper option from the options given below and rewrite the completed sentence.
There is no limit on the frequency of withdrawals from a ________.
Options
Saving account
Fixed account
Current account
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Solution
There is no limit on the frequency of withdrawals from a current account.
Explanation:
Current accounts are generally meant for business class people, as they make and receive a large number of business payments. These people often need to make huge payments on a regular basis; therefore, they use current accounts in which there are no restrictions on the number of withdrawals that can be made.
Concept: Role of Transport
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