Why public deposit is also known as a fair weather friends?
Answers
Answered by
3
this is the answer for your question
mark it as brainliest
Attachments:
Answered by
1
Answer:public depositsvare considered as "fair weather friends". Because when the financial condition of the company deteriorate or damaging, rumours about company spread in market, then depositors make a rush to withdraw deposits before the maturity date. This crate financial problems for the company. Therefore public deposits are called "fair weather friends".
Explanation:
Similar questions