Social Sciences, asked by SaniyaandSameer, 4 months ago

Describe demand deposits with bank .explain demand deposits with interesting facilities they provide

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Answered by Anonymous

Answer:

Deposits which can be withdrawn by the borrower on demand at any time they like are called Demand deposits. They provide a lot of facilities. They also charge a small rate of interest to the deposit and this way people can ensure that their money is safe with the banks

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