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Deposits meant for meeting children's education and marriage expenses are known as

ARecurring deposits

BSavings deposits

CFixed deposits

DEndowment deposits

Answer:

D. Endowment deposits

Read Explanation:

Flexi Deposit:

  • The deposit is the combination of fixed deposit and saving deposits 

  • The depositors is enjoy the benefits of savings account and also get high interest as fixed deposit 

Endowment Deposit:

  • Endowment deposit are meant for meeting children's education and marriage expenses. 

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