Differentiate between demand deposits and fixed deposits.
according to class 10 please
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DEMAND DEPOSIT:-DEPOSIT THAT CAN WITHDRAW ON DEMAND OR BY DEMAND
FIXED DEPOSITS :-SRY I DONT KNOW
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Answer:
interest rate on demand deposits is very low whereas fixed deposits carry a higher interest rate.
demand deposits can be withdraw ar any time where as can be withdraw only after the expiry of specific period
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