🎴 Flashcard Mode
Classification of sources of finance - class-XI
Card1 / 34
Mastered0
Review0
QuestionClick to flip
Public deposits are the deposits that are raised directly from _______.
AnswerClick to flip back
A
The public
💡 Explanation:
Public deposits refer to the deposits that are raised by the company or an organization directly from the public. Public deposits are an important source of financing the medium term and long term requirements of a company.