Business Studies, asked by Premish7276, 1 year ago

Why public deposit is also known as a fair weather friends?

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Answered by FamFeona
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Answered by mauryaravi52131
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".

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