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Which comparison best explains the difference between CASA deposits and Term Deposits?

hard Q9 of 15
Banking Awareness - Types Of Bank Accounts
Which comparison best explains the difference between CASA deposits and Term Deposits?
ACASA deposits are long-term locked funds
BTerm deposits offer lower interest than CASA
CCASA deposits include current and savings accounts
DTerm deposits are used for daily transactions
Step-by-Step Solution
  1. Step 1: Recall CASA components.

    CASA stands for Current Account and Savings Account.
  2. Step 2: Compare with term deposits.

    Term deposits include FD and RD.
  3. Final Answer:

    CASA deposits include current and savings accounts → Option C
  4. Quick Check:

    CA + SA = CASA ✅
Quick Trick: CASA always means CA plus SA.
Common Mistakes:
  • Including FD or RD in CASA.
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