Demand deposits are deposits that

can be withdrawn only after a fixed periodCorrect answerYour answercan be withdrawn at any timeCorrect answerYour answerare held only by the governmentCorrect answerYour answerearn the highest interestCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

Current accounts and the withdrawable part of savings accounts are demand deposits.
Fixed deposits are time deposits.

Concept: Demand deposits
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsThe supply of money: M1 to M4

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Demand deposits are deposits that

Explanation