Consider the following statement(s). I. In recurring deposits, the account holder is required to deposit a specified sum of money every month. II. They are also termed as cumulative time deposits. III. They are opened for a long period of time. Which of the statement(s) given above is/are correct?

• A.  I and II                                    
• B.  II and III
• C.                     I and III                                   
• D.  All of these