Question

what is demand deposit how to many safe in the blanks

Answer 1

DEMAND DEPOSITS - - - -

✨✨ DEMAND DEPOSITS REFERS TO THE ACCOUNT WITH BANKS AND FINANCIAL INSTITUTIONS IN WHICH BANK ALLOWS A DEPOSITORS TO WITHDRAW MONEY WITH IN A GIVEN NOTICE... ✨✨


HOPE U UNDERSTAND IT

Answer 2

Answer:

Demand deposits are the money which is deposited with the banks and can be withdrawn anytime. ... These deposits are in the safe hand of banks because, if the banks fails then the central bank of the country and government of the country works as the backbone of the banks.