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    Question

    The type of account which is opened by the investor

    while registering with an investment broker (or sub-broker) is called __________.
    A DeMat Account Correct Answer Incorrect Answer
    B Fixed deposit account or time deposit account Correct Answer Incorrect Answer
    C NOSTRO Account Correct Answer Incorrect Answer
    D Recurring Deposit Account Correct Answer Incorrect Answer
    E Saving Account Correct Answer Incorrect Answer

    Solution

    DeMat Account: This account is opened by the investor while registering with an investment broker (or sub-broker). Fixed deposit account or time deposit account: It is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. NOSTRO Account: A bank account held by a UK bank with a foreign bank, usually in the currency of that country. Recurring Deposit Account: It is opened by those who want to save regularly for a certain period of time and earn a higher interest rate. Saving Account: A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate. 

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