What is the difference between Demand Deposit and Demand Draft?
Answers
A term deposit also known as a time deposit is time bound i.e. one has to block the money for sometime ranging from a few months upto years.
The depositer gets interest on the deposited amount which is higher if the blocking period is higher.
Demand Draft on the other hand is easy to access but has lower interest rates.
Answer:
South Africa since 1994 transitioned from the system of apartheid to one of majority rule. The election of 1994 resulted in a change in government with the African National Congress (ANC) coming to power. The ANC retained power after subsequent elections in 1999, 2004, 2009 and 2014.South Africa since 1994 transitioned from the system of apartheid to one of majority rule. The election of 1994 resulted in a change in government with the African National Congress (ANC) coming to power. The ANC retained power after subsequent elections in 1999, 2004, 2009 and 2014.South Africa since 1994 transitioned from the system of apartheid to one of majority rule. The election of 1994 resulted in a change in government with the African National Congress (ANC) coming to power. The ANC retained power after subsequent elections in 1999, 2004, 2009 and 2014.