Which of the following is correct statement ? Options: A . &nbspNormally no interest is paid on current deposit accounts B . &nbspInterest is paid on current accounts at the same rate as term deposit accounts. C . &nbspThe rate of interest on current account and savings account are the same. D . &nbspNo interest is paid on any deposit by the bank. E . &nbspSavings deposits are the same as current deposits.

Which of the following is correct statement ?

Question

Which of the following is correct statement ?

Options:

A . Normally 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 account and savings account are the same.

D . No interest is paid on any deposit by the bank.

E . Savings deposits are the same as current deposits.

Answer: Option A

Normally no interest is paid on current deposit accounts

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