Publish On: 2019-05-06

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Total Post: 416

Question: Define bank deposits.

Reply On: 2013-06-22


Total Post: 8

ANS: Define bank deposits.

A firm can deposit its temporary cash in a bank for a fixed period of time. The interest rate depends on the maturity period. For example, the current interest rate for a 30 to 45 days deposit is about 3 per cent. The default risk of the bank deposits is quite low wince the government owns most banks.

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