Discussion :: IBPS BANK EXAM TEST 8
- Which of the following is correct statement ?
A.
Normally no interest is paid on current deposit accounts |
B.
Interest is paid on current accounts at the same rate as term deposit accounts. |
C.
The rate of interest on current account and savings account are the same. |
D.
No interest is paid on any deposit by the bank. |
E.
Savings deposits are the same as current deposits. |
Answer : Option A
Explanation :
Normally no interest is paid on current deposit accounts
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