Which of the following deposits carry the highest rate of interest?

Fixed deposit

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Cumulative deposit

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Savings deposit

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Demand deposit

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Solution

The correct option is A
Fixed deposit

Fixed deposits carry the highest rate of interest and these deposits can be withdrawn only after the expiry of the fixed time period.

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Similar questions

Q. In the case of recurring deposits, the interest rate is higher than that of saving deposits but less than that of fixed deposits.

Q. State two differences between fixed deposits and savings deposits.

Q. Distinguish between demand deposits and fixed deposits.

The M3 Concept of Money Supply includes
1. Time Deposits with Banks
2. Savings account deposits with Post Offices
3. Demand Deposits with Banks
4. Currency held by the public
Select the correct answer using the codes given below:

Which of the following categories does savings deposits belong to?

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Which of the following deposits carry the highest rate of interest?

The correct option is A Fixed deposit Fixed deposits carry the highest rate of interest and these deposits can be withdrawn only after the expiry of the fixed time period.

The correct option is A
Fixed deposit

Fixed deposits carry the highest rate of interest and these deposits can be withdrawn only after the expiry of the fixed time period.