Question

7
Raghav has surplus money so he opens a bank account and deposits in it. Whenever he
needs money, he can go to his bank and withdraw from there. This kind of deposit with the
banks are known as
1. Demand deposit
2. Term deposit
3. Fixed deposit
4. Surplus deposit.​

Answer 1

Answer:

Demand Deposits

Explanation:

Raghav has surplus money so he opens a bank account and deposits in it. Whenever he

needs money, he can go to his bank and withdraw from there. This kind of deposit with the

banks are known as Demand Deppsits