identify and Explaine to the concept from the given illustration . tina deposit a lump sup amount of 50,000 in the bank for a period of on year
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Fixed deposits refer to a lumpsum amount deposited by a customer for a specified period of time. Hence, this illustration relates to the concept of 'fixed deposit' as Tina deposited a lumpsum amount of ₹ 50,000 in the bank for a period of one year.
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