Question

how are demand deposits with the bank are beneficial for individual as well as for the nation. Explain with examples

Answer 1

demand deposit is essential for individual as it allows to keep the money at a safer place and also do savings for future.for example if you get your salary in begining of month as cash you wont be able to save it also it will be spent quite early.also by keeping money in bamks one can see increase rate in the money by the additional interest provided by the bank
as far as country is concerned it helps in the way that money deposited in banks could be used to provide loans to those who require it and thus by giving loans many employment opportunities increase contributing in countrys economy.

Answer 2

$\Large{\textbf{\underline{\underline{Points\;are}}}}$

1. Banks acknowledge store and furthermore pay a sum as premium and along these lines individuals acquire cash.

2. Individuals cash is protected with banks.

3. It simple for people to get credit who have reserve funds and current record in the banks.

4. Destitute individuals who are occupied with creation need credit.

5. Credit gave by the banks to government ventures helps being developed of the country.

6. Banks give credits to the advancement of global exchange.

7. Improvement of foundation is attempted with the advances gave by the banks.