Which of the following is correct statement?
A. 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 accounts and savings accounts are the same
D. No interest is paid on any deposit by the bank
Answer:A
Which of the following is correct statement?
A. 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 accounts and savings accounts are the same D. No interest is paid on any deposit by the bank