Which of the following would you associate with banks?

Fixed deposit

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Recurring deposit

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Savings deposit

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Mutual funds

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Solution

The correct options are
A Fixed deposit
B Recurring deposit
C Savings deposit
Fixed, savings and recurring are different types of deposits that can are present in banks. In a deposit account, money can be deposited and withdrawn by the account holder and the account holder earns a specific rate of interest associated with each type of deposit account.

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