MC32 Which of the following is a type of bank account that can be operated jointly by two or more individuals?
A. Savings account
B. Current account
C. Fixed deposit account
D. Joint account
Answer:D
MC32 Which of the following is a type of bank account that can be operated jointly by two or more individuals?
A. Savings account B. Current account C. Fixed deposit account D. Joint account
Explanation: Joint account is a type of bank account that can be operated jointly by two or more individuals. The account holders can make transactions and operate the account jointly, and the account can be held as either “either or survivor” or “both or survivor.”