Answer briefly each of the following questions.
Give two differences between time deposit and demand deposit.

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Solution

Time deposit
Demand deposit
Funds are expected to remain for a longer period of time than demand deposits.
Funds are expected to remain for a shorter period of time than time deposits.
Higher interest is paid on time deposits..
Lower interest is paid on demand deposits.

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Time deposit	Demand deposit
Funds are expected to remain for a longer period of time than demand deposits.	Funds are expected to remain for a shorter period of time than time deposits.
Higher interest is paid on time deposits..	Lower interest is paid on demand deposits.