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Distinguish Between :Current Deposits and Fixed Deposits. - Economics

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Question

Distinguish between :

Current deposits and Fixed deposits.

Solution

Basis of Difference Current Deposits Fixed deposits
Money withdrawal Money can be withdrawn at any time Money can be withdrawn only after a specified time
Interest paid No or low rate of interest High rate of interest
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APPEARS IN

 2012-2013 (March) (with solutions)
Question 3.1.7 | 2.00 marks

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Solution Distinguish Between :Current Deposits and Fixed Deposits. Concept: Type of Money.
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