Economy, asked by varshaYadav, 1 year ago

what are demand deposit? how are demand deposit accepted as a means of payment ?

Answers

Answered by S0rav
11
The money that is deposite in the bank in which we can earn some interest and this money can be withdraw on the demands thus, it is called demand deposit.
The money or cash in the ruppee is accepted all over in India. No one has the right to reject the payment in ruppee
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