--%>

Current deposit account

Name the additional facility that the businessman acquires in the current deposit account of bank.

Answer: The businessman acquires the facility of overdraft (that is, OD) in current account of the bank.

   Related Questions in Microeconomics

  • Q : Problem on Budget constraints James and

    James and Louisa each have an income of $30, which they each spend on tomatoes and all other goods.  They buy tomatoes at their local farmers market, which charges $3 per pound.  Define the units for all other goods so that their price is $1 per unit. 

  • Q : Monopolistically-competitive market

    When numerous new firms enter a monopolistically-competitive market, in that case the demand curves facing the firms previously in that market will: (1) shift to the left and turn into more price elastic. (2) become straighter and less income elastic.

  • Q : Quantity demanded and goods price The

    The law of demand defines that there is a negative relationship among: (1) A good’s price and quantity demanded. (2) Limitless demands and inadequate resources. (3) The quantities demanded and supplied. (4) People’s income and demands for

  • Q : Site value of a piece of land The site

    The site value of a piece of land taken as to the: (w) costs incurred by the landowners. (x) value of buildings on the land. (y) value of the land’s location. (z) appearance of the land. Hello guys I want you

  • Q : Alpha's and Beta's profits Refer to the

    Refer to the below diagram where the numerical data illustrates profits in millions of dollars. Beta's profits are illustrated in the northeast corner and Alpha's profits in the southwest corner of each cell. If Alpha and Beta engage in collusion, the outcome of the g

  • Q : Inelastic proportion of demand in

    This profit-maximizing firm in illustrated graph will never knowingly generate: (w) where MR is positive. (x) where MR is falling. (y) on the elastic proportion of the demand curve. (z) on the inelastic proportion of the demand curve.

    Q : Agency Shop Agreements Can someone

    Can someone please help me in finding out the accurate answer from the following question. Labor contracts having agency shop arrangements need: (1) Employees of a firm to give dues to the union. (2) The firm to hire just union members. (3) New employees of the firm t

  • Q : Problem onto Saving and Spending Money

    The owners of a construction company would not be saving when they collected a big check after finishing a project and after that bought: (w) a long term certificate of deposit at their local bank. (x) stock in a newly-formed corporation. (y) a corporate jet for use o

  • Q : Marginal revenue at monopolist

    At the quantity where a demand of monopolist is unitarily elastic, so marginal revenue is: (1) positive. (2) negative. (3) one. (4) zero. (5) infinite. Hey friends please give your opinion for the problem of

  • Q : Oligopolistic markets in equilibrium

    Oligopolistic markets in equilibrium are described by: (w) a large number of sellers of homogeneous output. (x) monopolistic sellers dealing along with only some buyers. (y) a small number of sellers of close substitutes. (z) socially optimal amounts