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Question

Demand deposits include which of the following:


A

(a) Saving account deposits and fixed deposits

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B

(b) Saving accont deposits and current account deposits

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C

(c) Current accont deposits and fixed deposits

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D

(d) All types of deposits

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Solution

The correct option is B

(b) Saving accont deposits and current account deposits


Demand deposits include saving account deposits and current account deposits where saving account is meant for general public and current account is meant for businessmen.

Hence, the correct answer is option (b).


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