what is demand deposits ??
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A demand deposit is money deposited into a bank account with funds that can be withdrawn on-demand at any time.
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What Is a Demand Deposit? A demand deposit account (DDA) is a bank account from which deposited funds can be withdrawn at any time, without advance notice. DDA accounts can pay interest on the deposited funds but aren't required to. Checking accounts and savings accounts are common types of DDAs.
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