This is almost similar to the savings accounts except that there is no restriction on the number of withdrawals from this account and also the bank does not pay any interest on the balance maintained in this account. This account is also knows as transaction account as it facilitates different types of transactions with much […]Continue Reading... No Comments.
The balance of trade is an important term of macroeconomics. Balance of trade is defined by the difference between the total value of export and import of an economy over a period of time. If export is more than import, then the difference between export and import is called as “Trade Surplus”. On the contrary, […]Continue Reading... No Comments.