Banking Awareness - Types Of Bank Accounts
From a bank’s perspective, fixed deposits are important mainly because they:
From a bank’s perspective, fixed deposits are important mainly because they:
hard Q9 of 15
Step-by-Step Solution
Step 1: Identify bank benefit.
FD money remains with the bank for a fixed time.Step 2: Match with stability concept.
This provides predictable funds for lending.Final Answer:
Provide stable funds for a known period → Option AQuick Check:
Locked funds = planning certainty for banks ✅
Quick Trick: FDs give banks stable, predictable funds.
Common Mistakes:
- Thinking FD benefits banks mainly through fees.
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