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प्रश्न
Demand deposits include ______ and _______.
पर्याय
Term deposits, saving account deposits
Saving account deposits, current account deposits
Current account deposits, term deposits
None of these
उत्तर
Demand deposits include Saving account deposits and Current account deposits.
Explanation:
Demand deposits are funds deposited in a bank that can be withdrawn at any moment without prior notification. These are savings account deposits and current account deposits, both of which allow the depositor to withdraw funds on demand.
संबंधित प्रश्न
Mention two differences between fixed deposits and demand deposits.
Define a commercial bank.
With reference to the secondary functions of a Commercial Bank, explain the general utility function.
Match the following:
| 1 | Savings account | P | For a fixed time period |
| 2 | Current account | Q | Deposited at an equal time period |
| 3 | Recurring account | R | No interest is paid |
| 4 | Fixed deposit | S | Nominal restriction in no. of withdrawals |
What are the two main functions of a commercial bank?
Differentiate between Savings Deposit and Current Deposit.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Commercial Banks keep only a fraction of deposits as Cash Reserves and use the remaining deposits for given loans, etc.
Reason (R): All the depositors of Commercial Banks do not approach the banks for withdrawal of money at the [iame time and also they do not withdraw the entire amount in one go.
Give two advantages of depositing money with commercial banks.
What is meant by demand deposits?
What are time (or fixed) deposits?
