Business Middle School

Differentiate between saving account and current account.​

Answers

Answer 1
A savings account is an account held at a bank or another financial institution. This account could be seen online and is used to store money and earn interest on that money.
A savings account saves your money.


A current account is a bank account that keeps your money safe and secure, it helps manage finances and is easy to make payments with. With a current account you can have deposits, withdrawals, etc. In an current account an amount can be deposited and withdrawn at any time without any notice needed.
Answer 2
Savings account is an account where your savings go and the current account is the one you’ll use for everyday

Related Questions

What causes a shift in demand? If
A fall in people’s income causes them to demand less of product.
Pls answer fast

Answers

Answer:

here is answer

Explanation:

Factors that can shift the demand curve for goods and services, causing a different quantity to be demanded at any given price, include changes in tastes, population, income, prices of substitute or complement goods, and expectations about future conditions j prices.

All else being equal the Demand for a product will decrease as the price of the product increases. The levels of demand will decrease based on the elasticity of the product or the marginal utility of the product
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