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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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