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LoginOverdraft facility is given to ________.(Fill in the blank by choosing correct option) a) Savings account b) Current account c) Fixed account.
Business Studies Secondary School in Business Studies 1 year ago
ft facility is given to: a) Saving ACCOUNT. Although, businessmen can take overdrafts on current accounts as well. A Savings Account is an account which holds deposits at MODEST interest rates. The holder is required to maintain a minimum amount in his account so as to avoid the BANK charging fees for lack of FUNDS. The number of withdrawals are usually SUBJECT to the institution's policies regarding the same.
Posted on 29 Sep 2024, this text provides information on Business Studies related to Secondary School in Business Studies. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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