What is demand deposit? List any 2 advantage's of demand deposit
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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.
1- People 's money remains safe when they are placed in the bank in the form ofdemand deposits.
2- Through demand deposits, people earn interest on the money they deposit.
*PROUDLY INDIAN*
HERE'S YOUR ANSWER...
_________________________
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.
1- People 's money remains safe when they are placed in the bank in the form ofdemand deposits.
2- Through demand deposits, people earn interest on the money they deposit.
*PROUDLY INDIAN*
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