B) Primary deposit

Primary deposit refers to the initial deposit made by individuals from their own resources. It is the first step taken by individuals to start a banking relationship and open a bank account. When individuals deposit their own money into a bank account, it is considered a primary deposit.

Primary deposits play a crucial role in the banking system as they form the base for further banking activities. They provide the necessary funds for banks to lend to borrowers and carry out various financial functions. These deposits are an important source of funds for banks and contribute to their liquidity.

Primary deposits can be made in various forms, such as cash, checks, or electronic transfers. Once the deposit is made, the bank records the amount in the individual's account and provides them with a receipt or statement as proof of the deposit.

Key Points:
- Primary deposits are the initial deposits made by individuals from their own resources.
- These deposits form the basis for further banking activities.
- They provide funds for banks to lend and carry out financial functions.
- Primary deposits can be made in cash, checks, or electronic transfers.
- Banks record the amount in the individual's account and provide proof of the deposit.

In conclusion, the initial deposit made by people from their own resources is known as a primary deposit. It is an important step in establishing a banking relationship and serves as the foundation for further financial transactions.