Which term is used for a bank account which can be operated at will ?
Correct answer: C. Current account
- A. Saving Account
- B. Fixed account
- C. Current account
- D. Fluctuated account
Explanation
A current account is designed for frequent transactions and can generally be operated whenever the account holder wishes. Fixed accounts restrict access for a set period, while savings accounts are intended mainly for saving.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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