Question

What is demand deposit​

Answer 1

Explanation:

Demand deposits, or non confidential money are funds held in demand 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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Answer 2

Answer: demand deposit facility is another method of doing cashless transaction. A person can withdraw amount from the bank whenever he needs the money