Question

what is demand deposit
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Answer 1

Demand deposits, bank money or scriptural money are funds held in demand deposit 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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Hermione

Answer 2

Hey mate here is your answer:-

A demand deposit is money that you deposit into a bank account from which you can withdraw on demand, at any time without any advance notice to the bank. Common examples of accounts that are often demand deposit accounts include many checking and savings accounts. Keep in mind, however, that not all checking accounts and savings accounts are demand deposit accounts.

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