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Commercial Banks — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsCommercial Banks2 Marks
Question
Distinguish between primary deposits and derivative deposits.
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Answer

Primary deposits are those deposits which people deposit in cash in their accounts with the bank.
Secondary (Derivative) deposits refer to those deposits which arise when loan amount is credited by the bank to the borrower's account

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