Fixed deposit Flashcards
1
Q
putting money on fixed deposit:
A
bank down (A) interest expense (O.E) down
2
Q
Receiving interest on fixed deposit:
A
Bank (A) goes up interest income (O.E) up
3
Q
when deposit matures
A
bank (A) goes up
fixed deposit FNB (A) goes down
4
Q
when taking out fixed deposit
A
bank (A) goes down
Fixed deposit FNB (A) goes up