Deposits with defined and long maturity periods are called:

Demand deposits

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Recurring deposits

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Fixed deposits

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None of the above

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Solution

The correct option is C
Fixed deposits

Fixed deposits have a defined and generally long period of maturity.

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Similar questions

Q. State two ways in which Recurring Deposits differ from Fixed Deposits.

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Q. Deposits which are withdrawable on demand are called _______ deposits.

Malini Opens a recurring deposit account and deposits ₹ 600 per month for 5 years. The rate of interest is 8 %. Find the interest and maturity value she receives at the end of the maturity period

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Deposits with defined and long maturity periods are called:

The correct option is C Fixed deposits Fixed deposits have a defined and generally long period of maturity.

The correct option is C
Fixed deposits

Fixed deposits have a defined and generally long period of maturity.