Computer Science, asked by subikshavijaya, 5 months ago

state any two features of demand deposits

Answers

Answered by pk1292005

Explanation:

People with surplus money or extra amount deposit it in banks. The banks keep the money safe and give an interest on it. The deposits can be drawn at any time on demand by the depositors.That is why they are called 'demand deposits'.

(i) The demand deposits encashable by issuing cheques have the essential features of money.

(ii) They make it possible to directly settle payments without the use of cash.

(iii) Since demand drafts/cheques are widely accepted as a means of payment along with currency, they constitute money in the modern economy

Answered by ashwina9180vps

Answer:

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.

Explanation:

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