matured but not paid deposits are treated as

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	time liability
B	demand liability
C	no liability
D	contingrnt liability

Explanation:

Detailed explanation-1: -On a bank’s balance sheet, demand deposits are reported as current liabilities.

Detailed explanation-2: -When a term deposit matures, your investment is complete and your account is officially closed. Access restrictions that apply during the term (see below) are lifted, allowing you to re-invest your money in another term deposit, invest it elsewhere, or simply withdraw it to use however you like.

Detailed explanation-3: -Time liabilities refer to the liabilities which the commercial banks are liable to repay to the customers after an agreed period, and demand liabilities are customer deposits which are repayable on demand.

There is 1 question to complete.