Question

What are demand deposits?

Solution

Demand Deposits also known as Current Account deposits refer to those deposits that provide the depositor the liberty to withdraw money at any point of time. That is, the account holder of the demand deposits can demand these deposits at any point of time as per their discretion and convenience. Such deposits do not offer any rate of interest.

Some More Questions From Money And Banking Chapter

What is a ‘legal tender’? What is ‘fiat money’?

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Money And Banking

What are demand deposits?

Some More Questions From Money And Banking Chapter

What is a ‘legal tender’? What is ‘fiat money’?

Distinguish between limited legal tender and unlimited legal tender.

Give functional definition of money.

Give narrow definition and broad definition of money.

Write short notes on the following:
Standard and Token coins.

Write short notes on the following:
Credit money

What is High Powered Money?
or
Write short notes on the following:
High powered money.

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Location

For Daily Free Study Material Join wiredfaculty

Money And Banking

What are demand deposits?

Some More Questions From Money And Banking Chapter

What is a ‘legal tender’? What is ‘fiat money’?

Distinguish between limited legal tender and unlimited legal tender.

Give functional definition of money.

Give narrow definition and broad definition of money.

Write short notes on the following:Standard and Token coins.

Write short notes on the following:Credit money

What is High Powered Money?orWrite short notes on the following:High powered money.

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Write short notes on the following:
Standard and Token coins.

Write short notes on the following:
Credit money

What is High Powered Money?
or
Write short notes on the following:
High powered money.