money
 






 

Question by  x (96)

What does a demand deposit mean?

 
+5

Answer by  jb7000 (96)

A demand deposit means you can demand your money at any time. Checking and savings accounts are examples of demand deposits.

 
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Answer by  Ariesteddybear (67)

a demand deposit quite plainly is a deposit or account whereby the owner can make withdrawals at any time they like.

 
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