The maturity of a straight 3-months deposit falls on Saturday, which happens to be the last day of the month. What is the actual deposit maturity date?

The correct answer is D. The previous Friday. See the full explanation below for the reasoning.

Question

Options

AThe following Monday
BSaturday
CSunday
DThe previous Friday

How the community answered

(41 responses)

A
2% (1)
B
12% (5)
C
7% (3)
D
78% (32)

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