Economics · Banking and Finance
What are the two basic broad categories of deposits accepted by commercial banks based on their operability?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Current deposits and Recurring deposits
- 2Checking deposits and Savings deposits
- 3Demand deposits and Time (or Term) deposits✓
- 4Savings deposits and Fixed deposits
Correct answer
Demand deposits and Time (or Term) deposits
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