Geography, asked by hjayanth, 3 months ago

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

Answers

Answered by justforstudiez

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 The fixed deposits cannot be withdrawn by ATM .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 .

Answered by anshumanghoshbarman6

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.

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