The deposits that are raised by organisations directly from the public are known as __________.

Lease finance

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Public deposits

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Commercial paper

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Trade credit

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Solution

The correct option is B Public deposits
The deposits that are raised by organisations directly from the public are known as public deposits. Cost of public deposits is generally lower than the cost of borrowings from banks and financial institutions. Public deposits are beneficial to both depositor as well as the organization.

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Similar questions

Public deposits are deposits that are raised directly from

(a) The public

(b) The directors

(d) The owners

Public deposits are the deposits that are directly raised from the ____.

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