Question

What is demand deposit? ​

Answer 1

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A demand deposit account (DDA) consists of funds held in a bank account from which deposited funds can be withdrawn at any time, such as checking accounts. A DDA allows funds to be accessed anytime, while a term deposit account restricts access for a predetermined time.

Answer 2

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.