Question

explain public deposits and loan from commercial banks as source of finance​

Answer 1

Answer:

Public Deposits: Deposits accepted from public directly by the companies are called public deposits. These deposits generally carry a rate of interest higher than the deposits in commercial banks.

A bank loan is an amount of money borrowed for a set period within an agreed repayment schedule. ... While interest must be paid on the loan, there is no need to provide the bank with a share in the business. Interest rates may be fixed for the term, making it easier to forecast interest payments.

Explanation:

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