Question

what are demand deposits​

Answer 1

Hi buddy

Here is your answer

a deposit of money that can be withdrawn without prior notice, e.g. in a current account.

Answer 2

Answer:

The sum of money that is given to a bank but can be withdrawn as per the requirement of the depositor anytime. The 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 our need.

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