What is/are true about ‘Term Deposit’?
Options
- A Term Deposit will often be used by individuals, businesses and financial institutions
- A Term Deposit can only be used by individuals.
- Funds placed in a Term Deposit usually cannot be withdrawn prior to maturity.
- It is a certificate of deposit that pays a fixed rate of interest until a given maturity date.
- Option A, C and D are correct.
CORRECT ANSWER : Option A, C and D are correct.
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