A ____________is a deposit account opted for by many who wish to save a certain part of their earnings.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. savings account
- A Savings Account is a deposit account opted for by many who wish to save a certain part of their earnings.
- It is a type of bank account wherein you can park your funds, earn interest on the same and also withdraw money at any time.
- It provides the convenience of liquid funds.