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A fixed deposit is also known as ______. - Commercial Applications

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Question

A fixed deposit is also known as ______.

Options

  • Time deposit

  • Long-term deposit

  • Both Time deposit and Long-term deposit

  • None of these

MCQ
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Solution

A fixed deposit is also known as Time deposit and Long-term deposit

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Types of Bank Deposit Accounts
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Chapter 7: Banking and Bank Transactions - EXERCISES [Page 124]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 7 Banking and Bank Transactions
EXERCISES | Q 25. | Page 124
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