πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      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.

      Practice Next

      Relevant for Exams:

      ask-question