A document issued by the bank to acknowledge the receipt of a fixed sum of money deposited….Is called
A)Collection receipt
B)Pay in slip
C)Fixed deposit receipt
D)Bond

Name: A document issued by the bank to acknowledge the receipt of a fixed sum of money deposited….Is called A)Collection receipt B)Pay in slip C)Fixed deposit receipt D)Bond
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Question

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A Fixed Deposit Receipt (FDR) is issued by banks to acknowledge the receipt of a sum of money deposited for a fixed period, earning a specified interest rate.

A Document Issued by the Bank to Acknowledge the Receipt