Business Studies, asked by sam5114, 1 year ago

the deposit for a fixed term can be deposited in accounts

Answers

Answered by ItzCuteboy

2

IT WILL DEPOSITED FOR THE EXTRA USE BALANCE

Answered by 1881

2

Fixed deposits are deposited in banks where they provide higher rate of interest than the current account (about 8%)

In this type of account a specified amount is deposited for specific time period ranging from 6 mnth to 5 years .

The longer is the period the higher is the interest rate.

Hope it helps you.

Mark it as the brainliest please.

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