what are demand deposits?What are their advantages?
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A demand deposit account is a bank account where you can withdraw any time you want, without paying any additional charges for it. The advantages of demand deposits are: Flexibility of Withdrawals: As the name suggests, you can 'demand' money for withdrawal any time you want, so you have liquidity of funds.
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Demand deposits are those deposits in the bank account which can be withdrawn in demand.
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