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    Question

    Which of the following is NOT a type of deposit account

    in banking?
    A Savings Account Correct Answer Incorrect Answer
    B Fixed Deposit Correct Answer Incorrect Answer
    C Current Account Correct Answer Incorrect Answer
    D Recurring Deposit Correct Answer Incorrect Answer
    E Derivative Account Correct Answer Incorrect Answer

    Solution

    A derivative account is not a type of bank deposit account. Savings, fixed, current, and recurring deposit accounts are all common types of accounts in banking.

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