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What is demand and time Liability?
'Demand Liabilities' include all liabilities which are payable on demand and they include current deposits, demand liabilities portion of savings bank deposits, margins held against letters of credit/guarantees, balances in overdue fixed deposits, cash certificates and cumulative/recurring deposits, outstanding Telegraphic Transfers (TTs), Mail Transfer (MTs), Demand Drafts (DDs), unclaimed deposits, credit balances in the Cash Credit account and deposits held as security for advances which are payable on demand. Money at Call and Short Notice from outside the Banking System should be shown against liability to others.Time Liabilities are those which are payable otherwise than on demand and they include fixed deposits, cash certificates, cumulative and recurring deposits, time liabilities portion of savings bank deposits, staff security deposits, margin held against letters of credit if not payable on demand, deposits held as securities for advances which are not payable on demand and Gold Deposits.
Is demand deposits an asset or liability?
mkm,
What is demand and time liability of a banking company?
Accounts like Savings,Current Deposits etc are Demand liabilities for the bank through which user can take money at any time . In short User can demand money from bank and bank has to give it . Time liability are account like Fixed deposits etc which bank has to give only after certain period of time .
Is crossed demand draft is same as account payee demand draft?
yes
Is bank draft and demand draft mean the same?
yes.....
When you add up currency demand deposits other checkable deposits and traverlers checks you get?
34% of the M1 money in the economy
What are the composition of the money supply?
M1 is coin and currency in circulation (M0), traveler's checks, demand deposits, and other checkable deposits.
Everything else held constant a decrease in the required reserve ratio on checkable deposits will mean?
increase in money supply
What would happen to the checkable deposits if banks purchase securities using reserves only and are not making loans?
well they will die
Who are demand deposits a liability for?
demand liabilities is deposited for
What is demand and time Liability?
'Demand Liabilities' include all liabilities which are payable on demand and they include current deposits, demand liabilities portion of savings bank deposits, margins held against letters of credit/guarantees, balances in overdue fixed deposits, cash certificates and cumulative/recurring deposits, outstanding Telegraphic Transfers (TTs), Mail Transfer (MTs), Demand Drafts (DDs), unclaimed deposits, credit balances in the Cash Credit account and deposits held as security for advances which are payable on demand. Money at Call and Short Notice from outside the Banking System should be shown against liability to others.Time Liabilities are those which are payable otherwise than on demand and they include fixed deposits, cash certificates, cumulative and recurring deposits, time liabilities portion of savings bank deposits, staff security deposits, margin held against letters of credit if not payable on demand, deposits held as securities for advances which are not payable on demand and Gold Deposits.
What is the structure of reserve requirements?
As of October 2005, the structure of reserve requirements was 0 percent for all checkable deposits up to $7 million (the exemption), 3 percent for such deposits from above $7 million to $47.6 million (the low-reserve tranche),
What are some of the difficulties of carrying out monetary policy?
One problem is the difficulty in gathering and evaluating information about M1 and M2.Keeping track of the growth of M1 and M2 becomes more difficult as money is shifted from savings accounts into intrest-paying checkable accounts or from checkable accounts into money market deposits accounts.
Do demand deposits earn interest?
Yes
Is demand deposits an asset or liability?
mkm,
Are trust demand deposits a current asset?
Yes.
Why are demand deposits considered as money?
demand deposits can be withdrawn from the bank whenever it require. they are widely accepted as a means of payment, along with the currency. thus, it is considered as money
