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Question
The account in which certain amount of money is deposited every month regularly for a fixed duration is a ______.
Options
saving account
current account
recurring account
fixed deposit account.
MCQ
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Solution
The account in which certain amount of money is deposited every month regularly for a fixed duration is a recurring account.
Explanation:
A recurring account is one in which a fixed amount of money is deposited every month for a specified period.
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