what are demand deposits
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People have right to withdraw the money in demand deposits. People withdraw the money when they want is said to be demand deposit.
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Hey there!
Demand deposits are those deposits that allow the depositor the Liberty to take out/withdraw money at any point of Time, anytime n' anywhere.
These (Demand deposits) do not offer any rate of Interest to us (Depositors).
Common examples of accounts that are often demand deposit accounts include many checking and savings accounts.
HOPE IT HELPED ^_^
Demand deposits are those deposits that allow the depositor the Liberty to take out/withdraw money at any point of Time, anytime n' anywhere.
These (Demand deposits) do not offer any rate of Interest to us (Depositors).
Common examples of accounts that are often demand deposit accounts include many checking and savings accounts.
HOPE IT HELPED ^_^
Mark it brainliest! If it helped...
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