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The deposit, which is the combination of fixed deposit and saving deposits is known as

ARecurring Deposit

BDemand Deposit

CFlexi Deposit

DTerm Deposit

Answer:

C. Flexi Deposit

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. 

Related Questions:

From the options given below, which of the following doesn't belong to the principles of sound lending:
The capacity of the bank to give cash when the customer wants money is called
A bank created by numerous banks to fund a project that is too large for one bank to do alone is known as
When a fixed deposit is made by a customer, the banker provides a receipt as proof for receiving the amount which specifies the rate of interest, amount deposited period, nominee etc. This is known as ---.
Minimum days for fixed deposit shall be --- days.