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Q. |
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. |
E. | Savings deposits are the same as current deposits. |
Answer» A. No interest is paid on current deposit accounts. |
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