CBSE BOARD X, asked by nausheenh66, 3 months ago

what are demand deposits? Decribe it's features?​

Answers

Answered by abhiankita88
1

Answer:

A demand deposit is cash left in a bank account that the depositor can withdraw at any time, without giving prior notice to the bank. Demand deposits have the following characteristics: Funds are payable on demand. Funds can be interest bearing.

Answered by umeshnirmal04
1

Answer:

A demand deposit is cash left in a bank account that the depositor can withdraw at any time, without giving prior notice to the bank. Demand deposits have the following characteristics: Funds are payable on demand. Funds can be interest bearing

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