Question

What is one of the prime reasons for the historical popularity of bank Fixed Deposits (FDs)?

a.

Guaranteed returns

b.

High capital protection

c.

Lack of knowledge about other products

d.

Short-term investment horizon

Answer: (c).Lack of knowledge about other products Explanation:One of the prime reasons for the historical popularity of bank FDs is the lack of knowledge among investors about other products that may offer comparable or better returns in some respects.

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Q. What is one of the prime reasons for the historical popularity of bank Fixed Deposits (FDs)?

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