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Which of the Following Statements About Deposits Is Correct

Question 7

Multiple Choice

Which of the following statements about deposits is correct?


A) Call accounts represent a fluctuating source of funds for banks.
B) Term deposits are funds lodged with a bank for longer than two weeks.
C) As current accounts are highly liquid, they form an unstable source of funds for a bank.
D) A cheque account may pay interest.

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