Question

Choose the correct pair from the following options.

Options

• Fixed Deposit Account – Long term savings with a fixed interest rate

• Stocks - No right to dividends

• Debentures - No fixed rate of interest

• Recurring Deposit Account - For frequent transactions

Answer 1

Fixed Deposit Account – Long term savings with a fixed interest rate

Explanation:

A fixed deposit account is a long-term saving scheme in which money is invested for a fixed period, and the interest rate stays the same until the deposit matures.