Question

Demand deposits include __________________.

• A. Saving account deposits and fixed deposits
• B. Saving account deposits and current account deposits
• C. Current account deposits and fixed deposits
• D. All types of deposits

Answer 1

Answer: (B)

Saving account deposits and current account deposits

Demand deposit refers to the deposit wherein the amount which you have deposited with the bank can be withdrawn by you any time. It includes saving account deposit and currency account deposit in which currency account is mainly meant for businessmen, and saving account is meant for the general public.