Banking Awareness - Basics Of Banking & Banking Terminology
Which rate is most relevant for customers comparing returns on fixed deposits?
Which rate is most relevant for customers comparing returns on fixed deposits?
medium Q5 of 15
Step-by-Step Solution
Step 1: Identify depositor concern
The question refers to returns on deposits.Step 2: Match with correct rate
Deposit rate decides interest on fixed deposits.Final Answer:
Deposit Rate → Option CQuick Check:
Higher deposit rate = better FD return ✅
Quick Trick: FD returns depend on deposit rate.
Common Mistakes:
- Using lending rate to judge deposit returns.
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