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Decide which of the arguments is/are 'strong' arguments OR which is/are 'weak' arguments and Choose the correct option.
Statement:
Should there be only one rate of interest for term deposits of varying durations in banks?
Arguments:
I. No. People will refrain from keeping money for longer duration resulting into reduction of liquidity level of banks.
II. Yes. This will be much simple for the common people and they may be encouraged to keep more money in banks.
AOnly argument I is strong
BOnly argument II is strong
CEither I or II is strong
DNeither I nor II is strong
EBoth I and II are strong
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