Social Sciences, asked by mayureshkhedkar05, 5 months ago

Differentiate between demand deposits and fixed deposits.
according to class 10 please

Answers

Answered by ANTONYPVARGHSE

0

DEMAND DEPOSIT:-DEPOSIT THAT CAN WITHDRAW ON DEMAND OR BY DEMAND

FIXED DEPOSITS :-SRY I DONT KNOW

Answered by krishanmorthy8821

1

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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