Saved Bookmarks
| 1. |
______ account is opened by businessmen for carrying out business transaction. |
|
Answer» business/current account is opened by BUSINESSMEN for CARRYING out business transaction. A current account is opened by businessmen, entrepreneurs, and more, who have to make a large NUMBER of transactions regularly. Since the VOLUME of transactions, as well as the amount per transaction are generally high, no interest can be availed upon the balanc |
|