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Which of the following are time deposits?
1. fixed deposits
2. balance in saving accounts
3. current account deposits
4. loans and advances
select the correct code
1 only
2 and 3
1,2,4
2 ,3 and 4
a time deposit is an interest bearing bank deposit account with a specified date of maturity, for eg: saving account . The funds in these accounts must be held for a fixed term and depositor can make a withdrawal only by giving notice.
By: Akriti Gupta ProfileResourcesReport error
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