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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

What do you mean by public deposits? - Commerce

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Question

What do you mean by public deposits?

Short Note

Solution

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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Chapter 19: Sources of Business Finance - Exercises [Page 201]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 19 Sources of Business Finance
Exercises | Q II. 2) | Page 201
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