Differentiate between demand deposits and fixed deposits.
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Explanation:
Differences between demand deposits and fixed deposits are as follows: Interest rate on demand deposits is very low whereas fixed deposits carry a higher interest rate. Demand deposits can be withdrawn at any time whereas fixed deposits can be withdrawn only after the expiry of a specific period
Answered by
5
Explanation:
Differences between demand deposits and fixed deposits are as follows:
- Interest rate on demand deposits is very low whereas fixed deposits carry a higher interest rate.
- Demand deposits can be withdrawn at any time whereas fixed deposits can be withdrawn only after the expiry of a specific period.
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