Question

What are demand deposits

Answer 1

Explanation:

Demand deposits are those deposits in the bank accounts which can be withdrawn in demand. Demand deposits are closely linked to the working of the modern banking systems. People 's money remains safe when they are placed in the bank in the form of demand deposits.

Answer 2

$\huge\red{Answer}$

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☆☞ [ Verified answer ]☜☆

• Demand deposits provide the money consumers need for purchasing daily expenses, where funds can be withdrawn at any time from the depository institution.

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