Explain the following concept: Demand Deposits

Last Answer : a deposit of money that can be withdrawn without prior notice, e.g. in a current account. For banks, FDIC insurance is the government-backed program that insures deposits. ... If your bank or ... federal government, with backing from the US Treasury, can replace any money that was lost by the bank.

How are demand deposits accepted as a means of payment? -SST 10th

Description : How are demand deposits accepted as a means of payment? -SST 10th

Last Answer : . Demand deposits offer another interesting facility. It helps in making the payment in cheque. . A cheque is a paper instructing the bank to pay a specific amount from the person's account to the ... widely as a means of payment, along with currency, they constitute money in the modern economy.

What are ‘demand deposits’? -SST 10th

Description : What are ‘demand deposits’? -SST 10th

Last Answer : . Workers who receive their salaries at the end of each month have extra cash at the beginning of the month. . This extra cash is deposited with the bank by opening a bank account in ... Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called demand deposits.

What are demand deposits? -SST 10th

Description : What are demand deposits? -SST 10th

Last Answer : People with surplus money or extra amount deposit it in banks. The banks keep the money safe and give an interest on it. The deposits can be drawn at any time on demand by the depositors. ... are widely accepted as a means of payment along with currency, they constitute money in the modern economy

Why are deposits in the banks called demand deposits? -SST 10th

Description : Why are deposits in the banks called demand deposits? -SST 10th

Last Answer : Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called demand deposits.

Why do we consider demand deposits as money? -SST 10th

Description : Why do we consider demand deposits as money? -SST 10th

Last Answer : Demand deposit constitute money in modern economy as they are accepted widely as a means of payment along with currency.

Why are the deposits in the banks called ‘demand deposits’? What are the benefits of deposits with the banks? -SST 10th

Description : Why are the deposits in the banks called ‘demand deposits’? What are the benefits of deposits with the banks? -SST 10th

Last Answer : A cheque is a paper instructing the bank to pay a specific amount from a person's account to the person in whose name the cheque has been issued. The payer,who has an account with ... facility of cheques against demand deposits makes it possible to directly settle payments without the use of cash.

What are demand deposits? What are their advantages? -SST 10th

Description : What are demand deposits? What are their advantages? -SST 10th

Last Answer : This answer was deleted by our moderators...

What are demand deposits ? -SST 10th

Description : What are demand deposits ? -SST 10th

Last Answer : People save their money in banks by opening an account. The deposits in the bank accounts can be withdrawn on demand, so these deposits are called demand deposits. (i) Banks accept the ... refused in settling transaction in the country. No individual can legally refuse a payment made in rupees.

The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Description : The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Last Answer : Justify the following statement: The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : (1) The sum of currency in circulation and the demand deposits in banks Explanation: The four main monetary aggregates of measures of money supply which reflect the state of the monetary sector ... This category of money is considered to be the most readily available for transactions and commerce.

Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : (4) demand deposits Explanation: Demand deposits are funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand ... of account which cannot be accessed for a predetermined period (typically the loan's term).

Deposits which can be withdrawn by a customer without notice is called ________ A. Time Deposits B. Demand Deposits C. Variable Deposits D. Low cost Deposits

Description : Deposits which can be withdrawn by a customer without notice is called ________ A. Time Deposits B. Demand Deposits C. Variable Deposits D. Low cost Deposits

Last Answer : B. Demand Deposits Explanation: A deposit of money that can be withdrawn without prior notice is known as Demand Deposits, Ex:- in a current account.

Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Description : Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Last Answer : D. repayable on demand or after an agreed period as per bank s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a ... every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Description : What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: HFCs are doing functions similar to banks as banks also provides housing loans. However, there are a few differences as given below: ♦ HFCs cannot accept demand ... Credit Guarantee Corporation(DICGC) is not available to depositors of HFCs, unlike in case of banks.

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : demand deposits

What is “narrow money” ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is narrow money ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : The sum of currency in circulation and the demand deposits in banks

Explain the following concept: Securities and Exchange Board of India (SEBI)

Description : Explain the following concept: Securities and Exchange Board of India (SEBI)

Last Answer : Explain the following concept: Securities and Exchange Board of India (SEBI)

Explain the following concept: National Company Law Appellate Tribunal (NCLAT)

Description : Explain the following concept: National Company Law Appellate Tribunal (NCLAT)

Last Answer : Explain the following concept: National Company Law Appellate Tribunal (NCLAT)

Explain the following concept: National Company Law Tribunal (NCLT)

Description : Explain the following concept: National Company Law Tribunal (NCLT)

Last Answer : Explain the following concept: National Company Law Tribunal (NCLT)

Explain the following concept: Registrar of Companies (ROC)

Description : Explain the following concept: Registrar of Companies (ROC)

Last Answer : Explain the following concept: Registrar of Companies (ROC)

Explain the following concept: Ministry of Corporate Affairs (MCA)

Description : Explain the following concept: Ministry of Corporate Affairs (MCA)

Last Answer : Explain the following concept: Ministry of Corporate Affairs (MCA)

Explain the following concept: Stop payments of cheque

Description : Explain the following concept: Stop payments of cheque

Last Answer : Explain the following concept: Stop payments of cheque

Explain the following concept: Cash Credit

Description : Explain the following concept: Cash Credit

Last Answer : Explain the following concept: Cash Credit

Explain the following concept: Bank

Description : Explain the following concept: Bank

Last Answer : Explain the following concept: Bank

Explain the following concept: Advances

Description : Explain the following concept: Advances

Last Answer : Explain the following concept: Advances

Explain the following concept: Loans

Description : Explain the following concept: Loans

Last Answer : Explain the following concept: Loans

Explain the following concept: Letter of Credit

Description : Explain the following concept: Letter of Credit

Last Answer : Explain the following concept: Letter of Credit

Explain the following concept: Discounting of Bill

Description : Explain the following concept: Discounting of Bill

Last Answer : Explain the following concept: Discounting of Bill

Explain the following concept: Overdraft

Description : Explain the following concept: Overdraft

Last Answer : Explain the following concept: Overdraft

Explain the following concept: Notice and Agenda of board meeting

Description : Explain the following concept: Notice and Agenda of board meeting

Last Answer : Explain the following concept: Notice and Agenda of board meeting

Explain the following concept: Initiative

Description : Explain the following concept: Initiative

Last Answer : Explain the following concept: Initiative

Explain the following concept: Politeness

Description : Explain the following concept: Politeness

Last Answer : Explain the following concept: Politeness

Explain the following concept: Conciseness

Description : Explain the following concept: Conciseness

Last Answer : Explain the following concept: Conciseness

Explain the following concept: Board of Directors

Description : Explain the following concept: Board of Directors

Last Answer : Explain the following concept: Board of Directors

Explain the following concept: Director

Description : Explain the following concept: Director

Last Answer : Explain the following concept: Director

Explain the following concept: Minutes

Description : Explain the following concept: Minutes

Last Answer : Explain the following concept: Minutes

Explain the following concept: Report

Description : Explain the following concept: Report

Last Answer : Explain the following concept: Report

Explain the following concept: Business Correspondence

Description : Explain the following concept: Business Correspondence

Last Answer : Explain the following concept: Business Correspondence

Explain the following concept: Written Communication

Description : Explain the following concept: Written Communication

Last Answer : Explain the following concept: Written Communication

Explain the following concept: Business Communication

Description : Explain the following concept: Business Communication

Last Answer : Explain the following concept: Business Communication

Explain the following concept: Communication

Description : Explain the following concept: Communication

Last Answer : Explain the following concept: Communication

Explain the following concept: Creditor’s Meeting

Description : Explain the following concept: Creditor’s Meeting

Last Answer : Explain the following concept: Creditor’s Meeting

Explain the following concept: Virtual Meeting

Description : Explain the following concept: Virtual Meeting

Last Answer : Explain the following concept: Virtual Meeting

Explain the following concept: Demand Deposits

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Answer :

Please log in or register to add a comment.

Related questions