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Question
Demand deposits include ______ and _______.
Options
Term deposits, saving account deposits
Saving account deposits, current account deposits
Current account deposits, term deposits
None of these
Solution
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Demand deposits are funds deposited in a bank that can be withdrawn at any moment without prior notification.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.
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