Economy, asked by Anonymous, 6 months ago

what is meant by demand deposit ?
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Answers

Answered by Kumarsatyasankalpa

Answer:

A demand deposit account (DDA) consists of funds held in a bank account from which deposited funds can be withdrawn at any time, such as checking accounts. DDA accounts can pay interest on a deposit into the accounts but aren't required.

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Answered by altafkhan6309

What is demand deposit?

Answer: The sum of money that is given to a bank but can be withdrawn as per the requirement of the depositer. Amount that are lying in the savings and current accounts are known as demand deposits because they can be used at any point of time.

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