Differentiate between demand deposit and fixed deposit ?
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Demand deposits and term deposits differ in terms of accessibility or liquidity and in the amount of interest that can be earned on the deposited funds. Demand deposits and term deposits refer to two different types of deposit accounts available at a bank or similar financial institution, such as a credit union.
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fixed deposits are a higher interest yielding term deposit offered by banks in India.
demand deposits lend the essential characteristics of money
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