Question:

Fixed Deposits are also called as:

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Time deposits (like fixed deposits) have a fixed tenure, and the interest is paid based on the duration of the deposit.
Updated On: Sep 18, 2025
  • Accrued Deposits
  • Time Deposits
  • Recurring Deposits
  • Demand Deposits
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The Correct Option is B

Solution and Explanation

Step 1: Understand types of deposits.
- Fixed Deposits are also known as time deposits because the money is deposited for a fixed tenure, and interest is paid accordingly.

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