Which among the following statements is not true about Savings bank deposits? O I t is meant for small income groups OInterest is allowed on the credit balance of this account. O It promotes the habit of thrift among depositors There is no restriction on the amount that can be withdrawn at a particular time
Which among the following statements is not true about Savings bank deposits? O I t is meant for small income groups OInterest is allowed on the credit balance of this account. O It promotes the habit of thrift among depositors There is no restriction on the amount that can be withdrawn at a particular time
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter3: Your Role As A Consumer
Section3.1: Consumption, Income, And Decision Making
Problem 2R
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Transcribed Image Text:Which among the following statements is not
true about Savings bank deposits?
It is meant for small income groups
O Interest is allowed on the credit balance
of this account.
O It promotes the habit of thrift among
depositors
O There is no restriction on the amount
that can be withdrawn at a particular
time
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