What are demand deposits?

Deposits kept in a bank for a minimum of five years

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Jewellery and property papers

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Insurance and property papers

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Deposits in a bank that are withdrawable at any time

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Solution

The correct option is D Deposits in a bank that are withdrawable at any time
Demand deposits are mobilised by commercial banks for customers. These funds are available at the time of requirement. There are no restrictions on withdrawing this deposit.

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Demand deposits are:

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