Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:
What is the name of the deposits in which money is kept as a reserve with the bank for some fixed period of time?
Options:
cheque able deposits
non-chequeable deposits
both of them
none of them
Correct Answer:
non-chequeable deposits
Explanation:
Money is kept as reserve with the bank in non-chequeable deposit.