Economy, asked by Chandler3248, 1 year ago

What are salient features of demand deposits brainly?

Answers

Answered by Rohit65k0935Me
3

Demand Deposits can be said to be those amounts of money which are deposited in a bank and can be withdrawn from the same on demand.

It has a few features -

1. Demand deposits can earn a good amount of interest when kept in bank accounts.

2. Demand deposits are accepted everywhere and are a very flexible way of transaction.

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