Question

Give three salient features of demand deposits :)

Answer 1

Demand Deposits can be said to be those amounts of money which are deposited in a bank and can be withdrawn from the same on demand.

It has a few features -

1. Demand deposits can earn a good amount of interest when kept in bank accounts.

2. Demand deposits are accepted everywhere and are a very flexible way of transaction.

Answer 2

Demand Deposits can be said to be those amounts of money which are deposited in a bank and can be withdrawn from the same on demand.

It has a few features -

1. Demand deposits can earn a good amount of interest when kept in bank accounts.

2. Demand deposits are accepted everywhere and are a very flexible way of transaction.