Question : Which of the following are non-chequeable deposits?
Option 1: Current deposits
Option 2: Fixed deposits
Option 3: Savings deposits
Option 4: None of the above
Answer (1)
20th Jan, 2024
Correct Answer:
Fixed deposits
Solution :
Fixed deposits are non-chequeable deposits. They carry interest which varies directly with the period of time.
Hence Option B is correct.
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