the deposits in a bank which are payable on demand are called _ please give me a answer in fill in the blanks
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Banks are called custodians of public money and mobilization of the deposits from the public is the most important function of the commercial banks. Mainly, there are two types of deposits viz. Time Deposits and Demand Deposits.
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Explanation:
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Demand deposit
the deposits in a bank which are payable on demand are called demand deposit.
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