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BS
Question Practice

Why are 'recurring deposit accounts' beneficial for savings?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Business Services
Question Bank

Why are 'recurring deposit acc...

Single Answer MCQ
Q-00064594

Why are 'recurring deposit accounts' beneficial for savings?

1

They offer high liquidity

2

Guaranteed returns on investment

3

Fixed monthly contributions with higher interest rates

4

No penalties for premature withdrawal

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