Question

what is demand deposits? plzzzzz give me answer in 3 or 5 points. ​

Answer 1

Answer:

Demand deposits, or non confidential money are funds held in demand accounts in commercial banks.[1] These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country.[2] Simply put, these would be funds like those held in a checking account.

In the United States, demand deposits arose following the 1865 tax of 10% on the issuance of state bank notes; see history of banking in the USA.

In the U.S., demand deposits only refer to funds held in checking accounts (or cheque offering accounts) other than NOW accounts; however, in a 1970s and 1980s response to the 1933 promulgation of Regulation Q in the U.S., demand deposits in some cases came to allow easier access to funds from other types of accounts (e.g. savings accounts and money market accounts). For the historical basis of the distinction between demand deposits and NOW accounts in the U.S

Hope it helps you.

Answer 2

1)deposits in the bank account which are payable on demand are called demand deposits.

2)banks accept deposits from number of people.

3) some part of the money is given out as loan and the other part is kept with the banks for making payaments.

4)so , the money is safe with banks . The depositors can withdraw their money whenever they want