When banks accept fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known?

When banks accept fixed sum of money from an individual for a definite

1.	When banks accept fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known?
A.	Term deposit
B.	Demand deposit
C.	Bond
D.	Mortagage
E.	Advance
Answer» B. Demand deposit

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When banks accept fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known?

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