Social Sciences, asked by himanshu923197, 8 months ago

why bank deposits are known as demand deposit ​

Answers

Answered by sakshamsrivastava653
3

Answer:

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 Because the deposits in the bank account can be withdrawn on demand, these deposits are called demand deposits.

Answered by pragyayad
0

Explanation:

people have the provision to withdeaw the money when they require

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