Do you think fixed deposits that people keep with banks will easily work like money? Discuss.
Answers
Answered by
5
good question...
yes F.D is work like money..
Fixed deposit money is keep bank for limited period of time.this money is bank provide as a debt to certain person.who want this money for his work ...
This FD ( money ) is circulate in economy as a money.
hope do you understand this.....
yes F.D is work like money..
Fixed deposit money is keep bank for limited period of time.this money is bank provide as a debt to certain person.who want this money for his work ...
This FD ( money ) is circulate in economy as a money.
hope do you understand this.....
Answered by
3
No.
Fixed Deposits have less liquidity (the ability to converting it into cash).
Fixed Deposits mature only after a certain specific period of time, usually a very long time like 5 years and above.
Therefore, it can be said that ,fixed deposits that people keep with banks may not work easily like money.
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