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Write a word or a term or a phrase that can substitute each of the following statements.(i) Deposits generating saving habits among the people.(ii) Deposits are not repayable on demand.(iii) Deposits repayable on demand.(iv) The loan was provided for a period of less than one year.(v) The loan is provided for a period between 1 to 5 years.(vi) The loan was provided for a period of more than 5 years. |
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Answer» (i) Saving Deposits (ii) Time Deposits (iii) Demand Deposits (iv) Short Term Loan (v) Medium-Term Loan (vi) Long Term Loan |
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