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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Name several different kinds of bank account. How are they different?

To determine

Different types of bank accounts are to be determined along with their difference.

Explanation

Bank offers a variety of accounts to cater to the different needs of customer. These are checking account, savings account, and certificate of deposits.

Checking account is for business class. An individual can keep the money. Some banks offer interest rate on accounts as well. The account holder gets a cheque book, and a debit card against the account. It is compulsory to have a checking account in the name of company as all transactions will get recorded...

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