Do all accounts serve the same function? why or why not?

Asked by wiki @ in Mathematics viewed by 284 People

A. Yes, all accounts help people increase their money.

B. No, some accounts are for saving and others are for investing.

C. Yes, all accounts are designed to ensure a return on investment.

D. No, accounts serve the purpose that their owners choose.

Answered by wiki @

The correct answer is D. No, accounts serve the purpose that their owners choose.

There are different types of bank accounts which are for saving, fixed deposit account, current account, and recurring account.

Basic banking provides amount of customers with a banking comfort.

They also provide cistomer and secure friendly environment.

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