CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Money Supply

Distinguish b...

Question

Distinguish between demand deposits and fixed deposits.

Open in App

Solution

Fixed deposit: It is a saving account which cannot be withdrawn until the maturity date. It can only be withdrawn after a prior notice.
Demand deposit: Depositors can withdraw any or all of the funds in a demand deposit account at any time without penalty or prior notice required.

Suggest Corrections

thumbs-up

1

Similar questions

Q. Distinguish between:
Current Deposit and Fixed Deposit.

Q. Distinguish between primary deposits and derivative deposits.

Q. Distinguish between the following:
Current Account and Fixed Deposit Account.

Q. Distinguish between the following:
Savings account and Fixed Deposit account.

Q. M1 includes net demand deposits and not gross demand deposits, as net demand deposits do not include inter-banking claims.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Money Supply

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon