Which deposits are also called as 'passive deposits' in banking terminology? 1. Primary deposits 2. Secondary deposits?
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Answered by
1
Answer:
1. primary deposits
Explanation:
Answered by
2
Answer:
primary deposit
Explanation:
When a customer is the direct creator of deposit it is called primary deposit. Some time it is called as the passive deposit as the role of bank to create the account is passive.
Types of primary deposits:
Demand Deposits
Term Deposits
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