(1) What is Public Deposit?
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The deposits that are raised by organisations directly from the public are known as public deposits. Rates offered on public deposits are higher than of bank deposits. But, there is higher risk in public deposits. Public deposits cater to both short term and medium term finance requirements.
The cost and procurement of public deposits is cheaper and easier, respectively, than other forms of sources of finance.
A demerit is that new companies will not able to use this as a source of finance. Furthermore, it is an unreliable source of finance as well.
Answered by
12
Answer:
The deposits that are raised by organisations directly from the public are known as public deposits.
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