What are long term public deposits and what are their advantages to public?
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Public deposits offer the following advantages: i. Acquisition of finance through public deposits is very easy. ... Since the rate of interest paid on a public deposit is fixed, it helps the company play trading on equity.
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Public deposits are the process of unsecured deposits actually invited by the companies from public majorly to financing the working capital requirements.
A firm desiring to invite the public deposits actually make the advertisement in newspapers. It offers lots of advantages to the public that includes simplicity, flexibility, economy, trading on equity, wide contacts and much more.
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