Question

When a bank receives money from public, the money is called :
(a) Credit Card
(b) Debit card
(c) Deposit money
(d) Loan

Answer 1

It is called deposit money

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Answer 2

Answer:

(c) Deposit money

Explanation:

What the bank receives from the public is deposit money. People who pay money to the bank will surely have their bank account in that bank. They give that money to the bank just to deposit in their own bank account. That's why money can be called deposit money. And what the public receives from the bank is either withdraw from their own bank account or it is a loan.