What is the deposit in the bank called demank deposit where the benififide of the deposit of the bank?
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Heya....
@@ Demand deposits is called Denmark due to these importance....
** This demand deposits generate future internet to the depositers....
** This demand deposits is the primary income of banks which it used to credit creation....
** Banks provide loans to others from the demand deposits which is needed to run our economic activities...
@@ Demand deposits is called Denmark due to these importance....
** This demand deposits generate future internet to the depositers....
** This demand deposits is the primary income of banks which it used to credit creation....
** Banks provide loans to others from the demand deposits which is needed to run our economic activities...
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People deposit their savings in banks. They can withdraw their money whenever required. Because the deposits in the bankaccount can be withdrawn on demand, thesedeposits are called demand deposits. ... Cheques against a deposit settle payments without the use of direct cash.
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