CBSE BOARD X, asked by Vb7, 1 year ago

What do you understand by the term bank deposits ?

Answers

Answered by Ananya2674

Answer:

Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made to deposit accounts such as savings accounts, checking accounts and money market accounts.

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Answered by siddartha32

Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made to deposit accounts such as savings accounts, checking accounts and money market accounts.To ensure that it has the funds for a fixed period of time, the bank can issue a type of financial product known as a term deposit. Term deposits are funds that are locked in for a specified time period, during which the bank invests in financial products with higher returns.

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