Write a short note on demand deposits.
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Hi friends
A demand deposit consists of funds can be withdrawan at any time from the depository institution; such as a checking or savings account, accessible by a teller, ATM and online banking. In contrast, a term deposit is a type of account that can ne accessed for a predetermined period of time.
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A demand deposit consists of funds can be withdrawan at any time from the depository institution; such as a checking or savings account, accessible by a teller, ATM and online banking. In contrast, a term deposit is a type of account that can ne accessed for a predetermined period of time.
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Answered by
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Hi friends
It is deposit in which we can withdraw our deposits any time when we need.
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It is deposit in which we can withdraw our deposits any time when we need.
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