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प्रश्न
Rate of interest on savings account is more than that on recurring account.
विकल्प
True
False
MCQ
सत्य या असत्य
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उत्तर
The statement is False.
Explanation:
Savings account interest rates are lower because funds can be withdrawn on demand. In the event of recurring deposits, however, the cash is deposited for a few months with no withdrawal option over a set length of time.
shaalaa.com
Market Equilibrium
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