What are Public Deposits? State any three features of Public Deposits
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The following are the features of public deposit:
Total public deposits cannot exceed 25 per cent of the paid up capital and free reserves of the company. ADVERTISEMENTS:
It is an uncertain source of financing.
There are legal restrictions on the acceptance and renewal of public deposits
Answered by
0
Answer:
The following are the features of public deposit:
Total public deposits cannot exceed 25 per cent of the paid up capital and free reserves of the company. ADVERTISEMENTS:
It is an uncertain source of financing.
There are legal restrictions on the acceptance and renewal of public deposits.
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