Demand deposits include which of the following? (choose the correct alternative)

Saving account deposits and fixed deposits

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Saving account deposits and current account deposits

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Current account deposits and fixed deposits

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All types of deposits

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Solution

The correct option is A Saving account deposits and current account deposits
Demand deposits include saving account deposits and current account deposits. These are called demand deposits as it is very liquid and can be used for purchase of goods and services immediately.

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