question_answer

Consider the following statement(s).

I. In recurring deposits, the account holder is required to deposit a specified sum of money every month.

II. They are also termed as cumulative time deposits.

III. They are opened for a long period of time.

Which of the statement(s) given above is/are correct?

A)  I and II                                    

B)  II and III

C)                     I and III                                   

D)  All of these