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Write a word or phrase or a term which can substitute the following: An account where fixed amount is kept for a specific period. |
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Answer» An account where fixed amount is kept for a specific period- Fixed account Explanation: In a fixed deposit account, an amount is deposited for a specific period. The amount deposited cannot be withdrawn before maturity. In case a person withdraws the amount before the expiry of the fixed period, the rate of interest that is to be paid becomes less than what was applicable |
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