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    Question

    Which term best describes the penalty for early

    withdrawal from a fixed deposit?
    A Capital gain Correct Answer Incorrect Answer
    B Surrender charge Correct Answer Incorrect Answer
    C Early termination fee Correct Answer Incorrect Answer
    D Amortization cost Correct Answer Incorrect Answer
    E Inflation adjustment Correct Answer Incorrect Answer

    Solution

    Fixed deposits often come with an early termination fee or penalty for withdrawing funds before the maturity date.

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