Question

    Which feature distinguishes a current account from a

    savings account?
    A Higher interest rates Correct Answer Incorrect Answer
    B Limited transaction capabilities Correct Answer Incorrect Answer
    C Designed for frequent transactions and business use Correct Answer Incorrect Answer
    D Longer deposit terms Correct Answer Incorrect Answer
    E Government bonds investment Correct Answer Incorrect Answer

    Solution

    Current accounts are designed for frequent transactions and are commonly used by businesses for managing daily cash flow.

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