SOLVED: Consider the details of different bank account types asfollows:1. All bank accounts allowa. Depositsb. Balance enquiries2. Savings accountsa. Allow no checkingb. Do not charge service feec. Give interest3. Checking accountsa. Allow checkingb. Charge service feec. Do not give interestDesign a class hierarchy with Account as an abstract class withthe class representations for boththe savings account and the checking account as two concretesubclasses of it.Design a console based menu to acc

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