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Which of the following are the features of time deposits? - Economics

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Question

Which of the following are the features of time deposits?

Options

  • Money in these accounts is deposited for a specified period

  • These deposits are not payable on demand

  • The deposits in these accounts do not enjoy cheque facilities

  • All these features

MCQ
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Solution

All these features

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Chapter 14: Banks: Commercial Bank and Central Bank - TEST YOURSELF QUESTIONS [Page 272]

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Frank Economics [English] Class 12 ISC
Chapter 14 Banks: Commercial Bank and Central Bank
TEST YOURSELF QUESTIONS | Q 2. | Page 272
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