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प्रश्न
What are term/time deposits?
उत्तर
It is a type of investment in which a sum of money is invested for a set period of time at a predetermined rate of interest. These deposits can only be withdrawn when a set length of time has passed.
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संबंधित प्रश्न
______ is a revolving credit arrangement.
State one point of difference between Cash Credit and Overdraft.
Which account holder gets Overdraft facility?
Commercial banks accept deposits, lend money and provide other services.
Distinguish between:
cash credit and loan.
How is discounting of a bill of exchange a form of bank lending?
Differentiate between Savings Deposit and Current Deposit.
Write short notes on the primary functions of commercial banks.
Mention primary functions of commercial banks.
What is meant by demand deposits?
