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

Why are the deposits in the banks called ‘demand deposits’? What are the benefits of deposits with the banks? -SST 10th
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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 the bank, makes out a cheque for a specific amount.The facility of cheques against demand deposits makes it possible to directly settle payments without the use of cash.
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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Last Answer : Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called demand deposits.

What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Description : What are demand deposits? How is money safe with the banks? Explain. -SST 10th

Last Answer : a deposit of money that can be withdrawn without prior notice, e.g. in a current account.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.

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.

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 “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

“Deposits with the banks are beneficial to the depositers as well as to the nation” -SST 10th

Description : “Deposits with the banks are beneficial to the depositers as well as to the nation” -SST 10th

Last Answer : Deposits with the banks are beneficial to the depositors as well as to the nation. Benefits to the Depositors: 1.Banks accepts the deposits and pay interest to the depositor. 2.People's money is safe ... those who are in need of these funds. Thus it helps in the economic development of the nation.

Deposits with the banks are beneficial to the depositors as well as to the nation'. Examine the statement. -SST 10th

Description : Deposits with the banks are beneficial to the depositors as well as to the nation'. Examine the statement. -SST 10th

Last Answer : 1. Banks accept money in the form of deposits from people who have surplus cash. These deposits are used by the banks in giving loans to people for various purposes. 2. The bank ... standards of living and towards the overall economic development of the country's economy in a positive direction.

How do the deposits with banks become their source of income ? -SST 10th

Description : How do the deposits with banks become their source of income ? -SST 10th

Last Answer : Banks use a major portion of the deposits to extend loans to people for various economic activities. The interest rates on loans are much higher than what the bank charges on the deposits it has. ... from the borrowers and what is paid to the depositors is the source of income of the banks.

How are deposits with the banks beneficial for an individual as well as for the nation ? Explain with examples. -SST 10th

Description : How are deposits with the banks beneficial for an individual as well as for the nation ? Explain with examples. -SST 10th

Last Answer : Deposits with banks are beneficial for both individual and nation: 1. People can deposit money with banks after opening a bank account. This ensures the safety of the money and they also earn an ... Person A can also avail loan at an interest rate lesser than what is in the informal sector.

What do banks do with the deposits they accept from customers ? -SST 10th

Description : What do banks do with the deposits they accept from customers ? -SST 10th

Last Answer : Banks use most of the deposits to extend loans to people.

What do the banks do with the 'Public Deposits'? -SST 10th

Description : What do the banks do with the 'Public Deposits'? -SST 10th

Last Answer : Banks accept deposits from the Public and use the major portion of these deposits to extend loans. There is a huge demand for loans for various economic activities. Banks make use of these deposits ... (the borrowers). Banks charge a higher interest rate on loans than what they offer on deposits.

How do the deposits with banks become their source of income ? -SST 10th

Description : How do the deposits with banks become their source of income ? -SST 10th

Last Answer : Banks charge higher interest rate on loans than what they offer on deposits. The difference of interest is the main source of income of banks.

“Deposits with the banks are beneficial to the depositors as well as to the nation”. -SST 10th

Description : “Deposits with the banks are beneficial to the depositors as well as to the nation”. -SST 10th

Last Answer : The deposits with the banks are beneficial to the depositors because of the following reason : (i) Safety (ii) Earn Interest. (iii) Can make payment easily through cheques Benefits of Bank ... be concluded that deposits with the banks are beneficial to the depositors as well as to the nation.

The primary functions of Commercial Banks include-Accepting deposits and Lending funds.

Description : The primary functions of Commercial Banks include-Accepting deposits and Lending funds.

Last Answer : Justify the following statement: The primary functions of Commercial Banks include-Accepting deposits and Lending funds.

i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Description : i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Last Answer : Correct the underlined word and rewrite the following sentence: i. Accepting deposits is the ... /account holder can overdraw from his account.

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) Currency with the public is more than the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Description : Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) ... the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Last Answer : (2) Currency with the public is less than the deposits with the banks. Explanation: Money supply in India includes the following: (i) Currency with the public: (ii) Demand deposits and time ... to total supply of money has been increasing with reciprocal diminution in currency held by the public.

Commercial banks create credit - (1) on the basis of their securities (2) on the basis of their assets (3) on the basis of their reserve fund (4) on the basis of their deposits

Description : Commercial banks create credit - (1) on the basis of their securities (2) on the basis of their assets (3) on the basis of their reserve fund (4) on the basis of their deposits

Last Answer : (4) on the basis of their deposits Explanation: Commercial banks create credit on the basis of their deposits. Credit creation is the multiple expansions of banks demand deposits. Whenever, ... will depend on the primary deposits and also on the amounts of minimum legal resource requirement.

The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above

Description : Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above

Last Answer : D. Both (A) and (B) Explanation: Banks with a small finance bank license can provide basic banking service of acceptance of deposits and lending.

No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Description : No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Last Answer : Current deposits

Marketing in Banks is required for ? 1. Getting new customers 2. Retaining existing customers 3. Lending 4. D) Accepting of deposits 5. All of these

Description : Marketing in Banks is required for ? 1. Getting new customers 2. Retaining existing customers 3. Lending 4. D) Accepting of deposits 5. All of these

Last Answer : All of these

4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy-making body is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Last Answer : a. it is a system of 12 central banks

What is the Cash Reserve Ratio (CRR)? a) the fraction of the deposits that commercial banks lend to the customers b) the fraction of the deposits that RBI must keep with commercial banks c) the fraction of the deposits that commercial banks must keep with RBI d) none of the above

Description : What is the Cash Reserve Ratio (CRR)? a) the fraction of the deposits that commercial banks lend to the customers b) the fraction of the deposits that RBI must keep with commercial banks c) the fraction of the deposits that commercial banks must keep with RBI d) none of the above

Last Answer : c) the fraction of the deposits that commercial banks must keep with RBI

What is the reserve deposit ration (rdr)? a) the proportion of money RBI lends to commercial banks b) the proportion of total deposits commercial banks keep as reserves c) the total proportion of money that commercial banks lend to the customers d) none of the above

Description : What is the reserve deposit ration (rdr)? a) the proportion of money RBI lends to commercial banks b) the proportion of total deposits commercial banks keep as reserves c) the total proportion of money that commercial banks lend to the customers d) none of the above

Last Answer : b) the proportion of total deposits commercial banks keep as reserves

Which of the following is not the function of commercial banks? (a) Issue of paper notes. (b) Credit control. © Acceptance of deposits (d) Advancing loans.

Description : Which of the following is not the function of commercial banks? (a) Issue of paper notes. (b) Credit control. © Acceptance of deposits (d) Advancing loans.

Last Answer : (a) Issue of paper notes.

Commercial banks create credit (1) on the basis of their securities (2) on the basis of their assets (3) on the basis of their reserve fund (4) on the basis of their deposits

Description : Commercial banks create credit (1) on the basis of their securities (2) on the basis of their assets (3) on the basis of their reserve fund (4) on the basis of their deposits

Last Answer :  on the basis of their deposits

The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : sale of stocks and bonds to the public

Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) Currency with the public is more than the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Description : Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) ... the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Last Answer : Currency with the public is less than the deposits with the banks. 

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 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.

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.

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.

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

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.

Explain the following concept: Demand Deposits

Description : Explain the following concept: Demand Deposits

Last Answer : Explain the following concept: Demand Deposits

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 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

Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

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Last Answer : Money Market accounts have the advantage of being able to withdraw your money whenever you need it. CD or Certificate of Deposit accounts hold a little bit of a higher interest rate, however you have to ... first one is not risk proof and you can lose money where as second options are fully secured.

What are the benefits that you can get by depositing your extra money in the banks? -SST 10th

Description : What are the benefits that you can get by depositing your extra money in the banks? -SST 10th

Last Answer : (i) Safety (ii) Earn interest (iii) Can make payments easily through cheques.

What are the benefits of using flexcube in banks?

Description : What are the benefits of using flexcube in banks?

Last Answer : What is the answer ?

How Cloud Federation provides benefits to Cloud providers? a) allows providers to earn revenue from computing resources that would otherwise be idle or underutilized b) enables cloud providers to expand their geographic footprints and accommodate sudden spikes in demand without having to build new points-of-presence (POPs) c) establish extensions of their customer-facing service-level agreements (SLAs) into their partner provider's data centers. d) All the above

Description : How Cloud Federation provides benefits to Cloud providers? a) allows providers to earn revenue from computing resources that would otherwise be idle or underutilized b) enables cloud providers to expand their ... -level agreements (SLAs) into their partner provider's data centers. d) All the above

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In the Human Resources section, workers will strike one week for: a. every 1% your Annual Raise Negotiations Ceiling is beneath Labor’s demand. b. every $300 your Benefits Negotiations Ceiling is beneath Labor’s demand. c. every 1% your Profit Sharing Negotiations Ceiling is beneath Labor’s demand. d. every $1 your Wage Negotiation Ceiling is beneath Labor’s demand. e. all of the above.

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Last Answer : e. all of the above.

To run perfectly, all HR department managers should know that a. the negotiation starting point should not exceed 80%. b. the starting point for benefits or wages should be between 0-150% of the current contract. c. all strike settlements should be halfway between the demand and the negotiation ceiling. d. all of the above is correct. e. none of the above are true.

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Last Answer : c. all strike settlements should be halfway between the demand and the negotiation ceiling.

Adam's Pool Service charges £50 for swimming pool cleaning performed prior to May 15 and £75 for jobs performed after that date. This pricing structure provides the benefits to Adam's of: A)price leaders. B)smoothing demand fluctuations. C)increasing service tangibility. D)tying prices to service costs.

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Last Answer : B)smoothing demand fluctuations.