Demand deposits are also called: (a) fixed deposit (b) recurring deposit (c) term deposit (d) checkable deposit
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Answer:
Recurring deposit means demand for something increases again.
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Answer:
D. Checkable deposit
Explanation:
Closely related to currency are checkable deposits, also known as demand deposits. These are the amounts held in checking accounts. They are called demand deposits or checkable deposits because the banking institution must give the deposit holder his money “on demand” when a check is written or a debit card is used.
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