Question

what are demand deposits how is money safe in the bank explain

Answer 1

Demand deposits, bank money or scriptural money are funds held in demand deposit accounts in commercial banks.

Answer 2

Demand deposits are the money which is deposited with the banks and can be withdrawn anytime. Primarily the money deposited by people in their saving and current bank account is known as demand deposits. These deposits are in the safe hand of banks because, if the banks fails then the central bank of the country and government of the country works as the backbone of the banks.