What are demand deposits?
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a deposit of money that can be withdrawn without prior notice, e.g. in a current account.
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HERE IS THE ANSWER:-
=> A demand deposit consists of funds held in an account from which deposited funds can be withdrawn at any time from the depository institution, such as a checking or savings account, accessible by a teller, ATM or online banking.
HERE IS THE ANSWER:-
=> A demand deposit consists of funds held in an account from which deposited funds can be withdrawn at any time from the depository institution, such as a checking or savings account, accessible by a teller, ATM or online banking.
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