Question

Which item is NOT a savings instrument?

Answer 1

Answer with explanation:

A: Treasury Bond: In treasury bond  interest is paid till that duration until the bond completely matures. When the period of bond gets over, Actual amount or Par Amount is Returned.

⇒A Saving Instrument.

B. C D

Compact Disc. A type of device that can store data, that is Nanotechnology is used to store more than 500 MB of data.

C: Saving Account

 In saving Account, you can deposit and withdraw money at any time ,any day, with the evolution of new technology.

D: Checking Account

Same with the checking account,you can withdraw and deposit money any time on a day.

→Option A, C and D are , types of account , related with currency that is money, but option B, is term related to data.

Option B: →C D is not a Saving Instrument.