Biology, asked by QuEeNoFdEm0n, 4 months ago

What is demand deposit ??

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Answered by DynamicPlayer

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A demand deposit is money deposited into a bank account with funds that can be withdrawn on-demand at any time. The depositor will typically use demand deposit funds to pay for everyday expenses. For funds in the account, the bank or financial institution may pay either a low or zero interest rate on the deposit.

Answered by Anonymous

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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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