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Introduction to Banking

At the expiry...

Question

At the expiry of the maturity period, the depositor is paid a lumpsum amount which is called ___

A

Savings

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B

Principal

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C

Interest

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D

Maturity value.

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Solution

Maturity value.

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Q. At the expiry of the maturity period, the depositor is paid a lumpsum amount which is called maturity value.

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