Banking Awareness - Types Of Bank Accounts
Which of the following users is most likely to open a current account?
Which of the following users is most likely to open a current account?
medium Q15 of 15
Step-by-Step Solution
Step 1: Identify user type.
Current accounts are meant for commercial use.Step 2: Match with the correct user.
Business firms require frequent transaction facilities.Final Answer:
Business firm → Option DQuick Check:
Business operations = Current Account holder ✅
Quick Trick: Business entities usually operate current accounts.
Common Mistakes:
- Selecting individuals instead of business users.
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