Public deposits refer to unsecured deposits invited from the public. A business that wants to encourage public deposits will issue an advertisement in the newspaper. Any member of the public can deposit money with the company by filling out the required form.
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Answer:
Public deposits refer to unsecured deposits invited from the public. A business that wants to encourage public deposits will issue an advertisement in the newspaper. Any member of the public can deposit money with the company by filling out the required form.