What are advantages of depositing money in banks. What are demand deposits.
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4
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It is safer place to keep money as compared to the house or. a working place people can earn interest on depositing money
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8
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1) Banks accept deposited and also pay an amount as interest on the deposits. In this way, people's money is safe and also earn an amount of interest. 2)People have the provision to withdraw money as and when they require. 3)Demand deposit also supports cheque facilities making big money transactions easier.
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