Public deposits takes care of both _________ and _________-term financial requirements of a business.
A
Large, medium
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B
Medium, short
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C
Large, short
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D
None of the above
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Solution
The correct option is B Medium, short
Public deposits can take care of both medium and short-term financial requirements of a business.
The deposits are beneficial to both the depositor as well as to the organisation. While the depositors get higher interest rate than that offered by banks.