Demand deposit offer another facility what it is ?
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What is a 'Demand Deposit'A demand deposit consists of funds held in an account from which deposited funds can be withdrawn at any time from the depository institution, such as a checking or savings account, accessible by a teller,ATMor online banking. In contrast, aterm depositis a type of account that cannot be accessed for a predetermined period of time. M1 is a category of the money supplythat includes demand deposits as well as physical money andnegotiable order of withdrawal (NOW)accounts that have no maturity period but limited withdrawals or transfe
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