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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 These deposits can only be withdrawn when a set length of time has passed.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
What are current accounts?
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.
What is meant by Discounting of a Bill of Exchange?
A commercial bank accepts deposits from the people for the purposes of giving loans and making investments.
Mention two necessary conditions for a financial institution to become a commercial bank.
What is meant by demand deposits?
What are time (or fixed) deposits?
Why are commercial banks called producers (creators) of money? Explain.
