Banking Awareness - Types Of Bank Accounts
Which comparison best explains the difference between CASA deposits and Term Deposits?
Which comparison best explains the difference between CASA deposits and Term Deposits?
hard Q9 of 15
Step-by-Step Solution
Step 1: Recall CASA components.
CASA stands for Current Account and Savings Account.Step 2: Compare with term deposits.
Term deposits include FD and RD.Final Answer:
CASA deposits include current and savings accounts → Option CQuick Check:
CA + SA = CASA ✅
Quick Trick: CASA always means CA plus SA.
Common Mistakes:
- Including FD or RD in CASA.
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