Question

what is demand deposit ​

Answer 1

Answer:

'Demand deposits, or non confidential money are funds held in dema accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country. Simply put, these would be funds like those held in a checking account

Answer 2

Answer:deposit of money that can be withdrawn without prior notice, e.g. in a current account.

Explanation

'Demand deposits, or non confidential money are funds held in dema accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country. Simply put, these would be funds like those held in a checking account.

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