Question 1 of 10An account in which a customer deposits money for a set period of time in return for a fixed rate is called a:

Question

Question 1 of 10An account in which a customer deposits money for a set period of time in return for a fixed rate is called a:
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Solution 1

The account in which a customer deposits money for a set period of time in return for a fixed rate is called a "Term Deposit" or "Fixed Deposit" account.

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Step 1: Understand the question. The question is asking about a type of bank account where money is Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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