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What is Demand deposit?
A demand deposit is a normal checking or savings account at a bank. Demand deposit accounts can be drawn against by writing a check or withdrawing cash. They can also be drawn against by the use of a debit cards.
Which of these describes a time deposit?
Money in a savings account is an example of a time deposit.
What of these describes a weak economy?
Aggregate demand is low
What is a demand curve?
Demand curve describes the relationship between the product price and the number of the product demanded through the use of graph. This is also an illustration of demand schedule.
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What is money in a checking account called?
Money in a checking account is called demand deposit.
Difference between time deposit and demand deposit?
Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits .
What is Demand deposit?
A demand deposit is a normal checking or savings account at a bank. Demand deposit accounts can be drawn against by writing a check or withdrawing cash. They can also be drawn against by the use of a debit cards.
Which of these describes a time deposit?
Money in a savings account is an example of a time deposit.
What does dda mean in ATM transfer to dda number?
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
Will the money supply increase if people deposit their cash into a demand deposit account?
yes
What is DDA in reference to banking?
Demand Deposit Account
What describes a time deposit?
money in a savings account
What is the technical name for checking account is?
Demand Deposit Account
Which would describes a demand deposit?
A demand deposit is a type of bank account that allows the account holder to withdraw funds at any time without any prior notice. These accounts typically include checking accounts, where funds can be accessed through checks, debit cards, or electronic transfers. Demand deposits are characterized by their liquidity, meaning they can be quickly converted to cash, making them convenient for everyday transactions. However, they usually earn little to no interest compared to savings accounts.
What does debit DDA mean?
DDA stands for Demand Deposit Account. It is your deposit account. A term used widely in payments industry
How does a cheque work?
A check is a demand. It is an order to pay someone form your checking account. A checking account is a demand deposit.
