Banking General Awareness Banking System Question Bank Practice Questions - Banking and Banking Structure - Legal Aspects

  • question_answer
    When banks accept fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known?                            

    A)  Term deposit

    B)  Demand deposit

    C)  Bond

    D)  Mortagage

    E)  Advance                

    Correct Answer: A


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