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Question
Match the following:
| Column I | Column II | ||
| A. | Primary deposits | (i) | Payable on demand |
| B. | Derivative deposits | (ii) | Deposits for a fixed period of time |
| C. | Demand deposits | (iii) | Cash deposits of people |
| D. | Term deposits | (iv) | Deposits created by banks (or loan deposits) |
Options
A. (iii), B. (iv), C. (ii), D. (i)
A. (ii), B. (iv), C. (iii), D. (i)
A. (iv), B. (iii), C. (ii), D. (i)
A. (iii), B. (iv), C. (i), D. (ii)
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Solution
A. (iii), B. (iv), C. (i), D. (ii)
Explanation:
| Column I | Column II | ||
| A. | Primary deposits | (iii) | Cash deposits of people |
| B. | Derivative deposits | (iv) | Deposits created by banks (or loan deposits) |
| C. | Demand deposits | (i) | Payable on demand |
| D. | Term deposits | (ii) | Deposits for a fixed period of time |
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