Social Sciences, asked by Affanmalik, 1 year ago

What is a demand deposits least two advantages or demand deposite?

Answers

Answered by 1234suhana20

Demand deposit is that deposit in the bank accounts which can be withdrawn on demand at any time.
Advantages-
1 we can withdraw our own money at any moment from our account
2. we donot need to pay any interest on taking this money to the bank

Answered by ashupriti678

Answer:

Demand deposits are deposits of currency in a bank which can be withdrawn by the depositor anytime on demand. Two important advantages of demand deposits are:-

The deposited amount can be withdrawn anytime.

Demand deposits offer an easier method of transaction to the depositor through cheques.

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