English, asked by yashawinisingh, 1 month ago

why are deposits in banks called deposits​

Answers

Answered by bhabanidas19
4

Answer:

Here's your answer

Explanation:

People deposit their savings in banks. They can withdraw their money whenever required. Because the deposits in the bank account can be withdrawn on demand, these deposits are called demand deposits. ... Deposits also act as direct money in case of cheque payments.

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Answered by armyishita25
2

Answer:

hope my answer is right

Explanation:

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