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प्रश्न
Public deposits are a source of long-term finance.
पर्याय
True
False
उत्तर
This statement is False.
Explanation:
Public deposits are generally a source of short-term or medium-term finance. Companies use them to raise funds from the public for a fixed period, usually up to 3 years, making them unsuitable for long-term financing.
APPEARS IN
संबंधित प्रश्न
Draft a Letter to the depositor informing him/her about payment of interest.
Write a word or terrn or phrase which can substitute each of
the following statements:
The authority which has power to accept deposits.
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
Write notes on (Any Three)
Repayment of Deposits.
Draft a letter to a depositor informing him about payment of interest.
With reference to business finance, explain the following: Public Deposits
State the merits and demerits of public deposits and retained earnings as methods of business finance.
Public deposits are deposits made by the public in nationalised banks.
What are public deposits?
Explain the pros and cons of public deposits as a source of business finance.
