CBSE BOARD X, asked by jatingaming, 5 months ago

Define the term demand deposit?

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Answered by itzHATERxx

Answer:

What Is a Demand Deposit? A demand deposit account (DDA) consists of funds held in a bank account from which deposited funds can be withdrawn at any time, such as checking accounts. ... A DDA allows funds to be accessed anytime, while a term deposit account restricts access for a predetermined time.

Answered by Anonymous

Answer:

A demand deposit account (DDA) consists of funds held in a bank account from which deposited funds can be withdrawn at any time, such as checking accounts. ... A DDA allows funds to be accessed anytime, while aterm deposit account restricts access for a predetermined time.

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