Question:
Fixed Deposits are also called as:
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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