Question : Which of the following is a not part of advancing of loans?
Option 1: Cash credit
Option 2: Demand deposits
Option 3: Short term loans
Option 4: Overdraft facility
Answer (1)
25th Jan, 2024
Correct Answer:
Demand deposits
Solution :
Demand deposits is cash left in a bank account that the depositor can withdraw at any time, without giving prior notice to the bank.
Hence Option B is correct.
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