Demand deposits are:

619 viewsJanuary 3, 2024MCQs (M&B)Money and Banking

Anurag Pathak28.60K January 3, 2024 0 Comments

Demand deposits are:

(a) Chequable Deposits

(b) Non-chequable Deposits

(d) None of these

Anurag Pathak Changed status to publish January 3, 2024

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1 Answer

Anurag Pathak28.60K Posted January 3, 2024 0 Comments

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Demand deposits are chequable deposits as money can be withdrawn by issuing cheques on demand.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 January 3, 2024

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Demand deposits are:

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