Banking Awareness - Types Of Bank Accounts
Which key difference correctly distinguishes a Current Account from a Savings Account?
Which key difference correctly distinguishes a Current Account from a Savings Account?
easy Q3 of 15
Step-by-Step Solution
Step 1: Identify usage purpose.
Current accounts support frequent business transactions.Step 2: Compare with savings account.
Savings accounts are mainly for personal savings.Final Answer:
Current accounts are meant for business transactions → Option BQuick Check:
Business usage = Current Account ✅
Quick Trick: Business transactions always indicate current account.
Common Mistakes:
- Focusing only on interest difference.
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