Banking Awareness - Basics Of Banking & Banking Terminology
Which deposit type provides liquidity along with moderate interest income?
Which deposit type provides liquidity along with moderate interest income?
medium Q7 of 15
Step-by-Step Solution
Step 1: Identify balance of liquidity and return
The question seeks both access and some interest.Step 2: Match with deposit features
Savings deposits offer liquidity with moderate interest.Final Answer:
Savings Deposit → Option CQuick Check:
Liquidity + interest = savings account ✅
Quick Trick: Easy access + some interest = Savings.
Common Mistakes:
- Selecting current deposit which earns no interest.
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