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What do you mean by public deposits? - Commerce

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प्रश्न

What do you mean by public deposits?

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उत्तर

It is a method of inviting public deposits by giving advertisements in the media by the companies. It offers deposit schemes for a longer tenure. The interest rates offered by companies on public companies are higher than the bank.

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अध्याय 19: Sources of Business Finance - Exercises [पृष्ठ २०१]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
अध्याय 19 Sources of Business Finance
Exercises | Q II. 2) | पृष्ठ २०१
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