___________ is an investment scheme, where you invest a lump sum amount with a bank or a financial institution for a specified period of time.

Savings Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Current Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Fixed Deposit

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Net Banking

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Fixed Deposit
Fixed Deposit is an investment scheme, where you invest a lump sum amount with a bank or a financial institution for a specified period of time

Suggest Corrections

Similar questions

Q. A local financial institution has a service charge of

$ 4.80

for every withdrawal. If you have withdrawn

$ 114,

what amount will you get?

A person invested 3 times as much money in a scheme giving $5 %$ per annum simple interest than he invested in a scheme giving $2 %$ per annum simple interest. Further, he invested Rs. 6000 more in a scheme giving $3 %$ per annum simple interest than he invested in a scheme giving $2 %$ per annum simple interest. If the total interest from the three investments after a year is Rs. 980, then what is the total amount he invested?

Join BYJU'S Learning Program

___________ is an investment scheme, where you invest a lump sum amount with a bank or a financial institution for a specified period of time.

The correct option is C Fixed DepositFixed Deposit is an investment scheme, where you invest a lump sum amount with a bank or a financial institution for a specified period of time

The correct option is C Fixed Deposit
Fixed Deposit is an investment scheme, where you invest a lump sum amount with a bank or a financial institution for a specified period of time