Commercial Applications
…………… is/are the main types of bank accounts.
- Current
- Recurring
- Fixed deposit accounts
- All of these
Banking
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Answer
All of these
Reason — Commercial banks accept deposits in four main types of accounts to meet the requirements of different people: (i) Fixed Deposit Account, (ii) Savings Deposit Account, (iii) Recurring Deposit Account, and (iv) Current Account. All the options listed (Current, Recurring, Fixed Deposit) are valid main types of bank accounts.
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