Question

what are thr benefits of demand deposits?

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Answer 1

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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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Answer 2

Hey mate,

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 haveliquidity of

funds.