Demand deposits are:
Demand deposits are:
(a) Chequable Deposits
(b) Non-chequable Deposits
(c) Term Deposits
(d) None of these
Anurag Pathak Changed status to publish
Ans – (a)
Explanation:-
Demand deposits are chequable deposits as money can be withdrawn by issuing cheques on demand.
The commercial bank issues a book of cheques. The account holder can withdraw cash by issuing a self cheque.
The holder can also issue a cheque to others against liabilities and purchases
Anurag Pathak Changed status to publish
