Demand deposit are equal to cash deposits with the commercial thanke! (Write true or false with a reason)
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3
Answer:
Demand deposits include saving account deposits and current account deposits. These are called demand deposits as it is very liquid and can be used for purchase of goods and services immediately.
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2
Answer:
False.. Demand deposit is part of cash deposit but not necessarily equal to cash deposit.. We can make cash deposit also for Fixed deposit so it's false
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