Fixed-time deposits specify a period of time that the savings must be left on deposit.

Name: Fixed-time deposits specify a period of time that the savings must be left on deposit.
Brand: Quizplus
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Quizplus · Accepted Answer

Fixed-time deposits, also known as term deposits, have a specified term or period of time during which the funds must be left on deposit. Typically, this term ranges from a few months to several years, and withdrawing the funds before the maturity date can result in penalties or forfeited interest.

Fixed-Time Deposits Specify a Period of Time That the Savings