Social Sciences, asked by vikramsingh41, 10 months ago

what is demand draft or demand deposit.how is it share essential festures of money

Answers

Answered by kantadhingra44

0

Demand deposits can be withdrawn demand by a customer

It helps to link with the modern banking system

Demand deposits can be deposited in cheques rather than cash

Customer can earn money through interest

banks keep a small proportion of money with them to extend loans it is about 15%

Extending loans helps in the overall development of country and advancement of technology

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