The money deposited in a bank is called _______.
a. profit b. principal c. interest
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A deposit is a financial term that means money held at a bank. A deposit is a transaction involving a transfer of money to another party for safekeeping. However, a deposit can refer to a portion of money used as security or collateral for the delivery of a good.
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Answered by
7
Answer:
Principal
Step-by-step explanation:
The money deposited in a bank is called principal.
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