Question

What are demand deposit?Write few feature of demand deposit?

Answer 1

Demand deposits are accepted everywhere and are a very flexible way of transaction.
1=demand deposits can earn a good amount of interest when kept in the bank account

Answer 2

Answer:

Demand deposits are deposits of currency in a bank that can be withdrawn by the depositor at anytime on demand. Advantages of demand deposits are as follows:-

Amounts deposited as a demand deposit can be withdrawn by the depositor at anytime.

Demand deposits provide an easier method of transaction to the depositor through cheque payments.

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