who are Collateral??
Why there would be no demand deposits in bank? And why there are no payments by cheques against these deposits?
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Collateral : Something pledged as security for repayment of a loan, to be forfeited in the event of a default.
Demand deposits r the extra surplus income of normal people's in banks and they get intrest on it but when ever they want they can clear that payment from the bank... ... No payments because bank enjoy the rest money from Credit Reserve Ratio to giving loans so it is not burden able for bank...
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