A) Term Deposit
B) Savings Bank Deposit
C) Current Deposit
D) Demand Deposit
E) Home Saving Deposit
Correct Answer: A
Solution :
In deposit terminology, the term Fixed Deposit refers to a savings account or certificate of deposit that pays a fixed rate of interest until a given maturity date. Funds placed in a Fixed Deposit usually cannot be withdrawn prior to maturity or they can perhaps only be withdrawn with advanced notice and/or by having a penalty assessed. It is known as a term deposit or time deposit in Canada. Australia, New Zealand, and the US, and as a bond in the United Kingdom.
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