Social Sciences, asked by Saron8441, 1 year ago

WHAT IS CALLED DEMAND DEPOSITS? WRITE ITS ADVANTANGES. WHY DO PEAPLE DEPOSIT IN THE BANKS.?

Answers

Answered by ambujjazz69
0

the deposits that can be withdrawn on demand are called demand deposits

adv-:

1-it can be withdrawn anytime

2-money is safe

3-we get interest

4-we get the facility of credit card and cheque

thus people deposit their money in the bank

mark it as the brainliest

Similar questions