Group A (d) Public Deposit matches Group B (4) _____.
Q.1 (D) (d) Group A (d) Public Deposit matches Group B (4) _____.
Q.1 (D) (d) Group A (d) Public Deposit matches Group B (4) _____.
Best answer
Answer: Short term loan
Public deposits are accepted for 6 to 36 months, so they are a source of short-term (and medium-term) finance, in the nature of an unsecured loan from the public.
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