Question

5. What are long term public deposits and what are their advan-
tages to public?
different​

Answer 1

Explanation:

Long term public deposits are also called fixed deposits . In fixed deposits public get more money at high rate of interest. The fixed deposits cannot be withdrawn by ATM . people can store money for a long term of time at demand .

Answer 2

Answer:

Long term public deposit refers to the finance raised from public against the obligation of fixed interest payment and repayment of the principal amount.