English, asked by loma67, 10 months ago

what are demand deposits

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Answered by Anonymous

$<!DOCTYPE html><html><head><meta name="viewport" content="width=device-width, initial-scale=1"><style>body { background-color: black; font-family: cursive;}.glow { font-size: 30px; color: #fff; text-align: center; -webkit-animation: glow 1s ease-in-out infinite alternate; -moz-animation: glow 1s ease-in-out infinite alternate; animation: glow 1s ease-in-out infinite alternate;}@-webkit-keyframes glow { from { text-shadow: 0 0 10px #fff, 0 0 20px #fff, 0 0 30px #e60073, 0 0 40px #e60073, 0 0 50px #e60073, 0 0 60px #e60073, 0 0 70px #e60073; } to { text-shadow: 0 0 20px #fff, 0 0 30px #ff4da6, 0 0 40px #ff4da6, 0 0 50px #ff4da6, 0 0 60px #ff4da6, 0 0 70px #ff4da6, 0 0 80px #ff4da6; }}</style></head><body><h1 class ="glow">A deposit of money that can be withdrawn without prior notice, e.g. in a current account.</h1></body></html>$

Answered by jyotikhetwal107

Answer:

The sum of money that is given to a bank but can be withdrawn as per the requirement of the depositor at any time.

Amounts that are in the savings and current accounts are known as demand deposits because they can be used at any point of time as per the need.

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