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Question
Public deposits are a source of long-term finance.
Options
True
False
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Solution
This statement is False.
Explanation:
Public deposits are generally a source of short-term or medium-term finance. Companies use them to raise funds from the public for a fixed period, usually up to 3 years, making them unsuitable for long-term financing.
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RELATED QUESTIONS
Write a word, term, or phrase that can substitute for
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