L506: Types of Bank Accounts

In ______ account, the holder can withdraw the money anytime without many restrictions.

• Savings

• Fixed

• Current

• All of the above

Which of the following bank account is used by business organisations/companies?

• Savings account

• Fixed deposit account

• Current /Business account

• None of the above

Which of the following type of account in which banks do not provide any type of interest?

• Savings account

• Fixed deposit account

• Current/Business account

• Recuring deposit account

In _____ account, money is deposited for the fixed term and cannot be withdrawn before maturity.

• Fixed deposit

• Certificate of deposit

• Business

• Both 1 & 2

In USA, _____ account is specially used for day to day spending.

• Checking

• Savings

• Certificate of deposit

• None of the above

______ account pays interest on deposits.

• Savings

• Fixed deposit

• Business

• All of the above