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FINANCIAL MARKET — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMFINANCIAL MARKET2 Marks
Question
Are certificate of deposit and fixed deposit same? Why?
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Answer

No. They are different. There is no minimum limit of deposit in Fo. Moreover, certificate of deposits is negotiable and can be sold whereas fixed term deposit receipt is neither negotiable nor ¡t can be sold.

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