Question

How can you withdraw the demand deposit from your bank?

• A. Using ATMs
• B. Using cheques
• C. Using debit cards
• D. Using credit cards

Answer 1

Answer: (A), (B), (C)

Using debit cards

Demand deposits can be withdrawn using various means like cheques, cash, debit cards, etc. However, credit cards are not used to withdraw demand deposits. Credit cards are cards that can be used to borrow funds of a pre-apporved limit from a bank.