Deposits are _____ loans of the company.
Q.1 (A) (v) Deposits are _____ loans of the company.
A. fixed
B. long term
C. short term
1 answer
Best answer
Answer: C. short term
Answer: (c) short term — Deposits are short term loans of the company.
Deposits are accepted from members or the public for a period of 6 to 36 months. They are unsecured loans generally used to meet the working capital (short term) requirements of the company.
Doubtly AI
· 28 Oct 2026
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