alleryDeposits that can be withdrawn on demand are called:
ADeferred deposits
BDetained deposits
CDeclared deposits
DDemand deposits
Answer & Solution
Correct answer: D. Demand deposits
1. People earn interest on money kept in banks.
2. They may take it out whenever they need it.
3. These are demand deposits.
_Source: syllabus Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
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