Maharashtra State BoardHSC Arts 12th Board Exam
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State Whether the Following Statements Are True Or False with Reason: Interest Rate is More for Fixed Deposits. - Economics

State whether the following statements are True or False with reason: 

 Interest rate is more for fixed deposits. 

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Solution

True, interest rate is more for fixed deposits.
Explanation:
Fixed deposits are the ones where money can be withdrawn only after a certain specified time from the commercial banks. The interest rate on such deposits are high.

Concept: Commercial Banks
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