ICSE Class 10 Answered
What
are demand deposits?
Asked by Topperlearning User | 24 Apr, 2015, 07:31: AM
Expert Answer
Demand deposits are current account deposits with banks or other financial institutions which are payable on demand by cheques. Banks do not provide interest payments on deposits.
Answered by | 24 Apr, 2015, 09:31: AM
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