The account with a bank or other financial institution in which deposits earn interest and withdraws from which require notice is referred to as:

Related MCQs

• The bank account on which deposits do not earn interest, but can be with drawn by cheque at any time is called:
• Bank deposits that can be withdrawn without notice are called -
• Money placed in an account at a financial institution and constituting a claim on it is known as
• The interest due by applying the rate to the sum of the capital invested plus the interest previously earned and reinvested is referred to as
• A loan facility on the customer’s current account at a bank permitting him to withdraw up to a certain agreed limit for an agreed period, is referred to as:
• The order written by the drawer to a commercial bank or central bank to pay on demand a particular sum to a bearer is referred to as
• The fixed interest security issued by governments, banks or other financial institutions is also termed
• A plastic, personal magnetized card with the name and account number of the holder and the expiry date embossed is referred to as:
• Privately owned banks operating cheque current accounts, receiving deposits, taking in and paying out notes and coins and making loans are generally called
• Any factor of production can earn economic-rent, when its supply will be -