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ser-zykov [4K]
2 years ago
11

How did time deposits earn that name?

History
1 answer:
Arlecino [84]2 years ago
3 0

Answer:

Time deposits differ from at call deposits, such as savings or checking accounts, which can be withdrawn at any time, without any notice or penalty. Deposits that require notice of withdrawal to be given are effectively time deposits, though they do not have a fixed maturity date.

Hope this helped

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