IBSL Intermediate In Applied Banking And Finance (IABF) Exam Practice Questions - IBSL Intermediate In Applied Banking And Finance (IABF) Exam

A Fixed Deposit (FD) account is characterized by:

High liquidity and no interest earnings Flexible withdrawals and variable interest rates Deposits held for a fixed period at a predetermined interest rate Primarily used for daily transactions

Correct Answer:

Deposits held for a fixed period at a predetermined interest rate

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