Question

5. Banks provide a higher rate of interest on which of the following accounts? (a) Saving account (b) Current account (c) Fixed deposits for long period (d) Fixed deposits for very short period

Answer 1

Answer:

Heya mate your answer is----------------------------------------------------

Fixed deposits for long period means that the bank would be able to use the money for more profit and thus would give a higher rate of interest

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Answer 2

Answer: Banks provide a higher rate of interest on:

              (c) Fixed deposits for long period