answersLogoWhite

0

What describes a demand deposit?

Updated: 10/31/2022
User Avatar

Wiki User

8y ago

Best Answer

money in a checking account

Money in a checking account <3333

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What describes a demand deposit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution.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.


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


Which of these describes a time deposit?

Money in a savings account is an example of a time deposit.


What is DDA in reference to banking?

Demand Deposit Account


What is the technical name for checking account is?

Demand Deposit Account


What describes a time deposit?

money in a savings account


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.


What does debit DDA mean?

DDA stands for Demand Deposit Account. It is your deposit account. A term used widely in payments industry


What is demand products?

Product demand is an economic term. The product demand describes the desire for a particular product that the public has.