Advertisement Remove all ads

Define Or Explain the Concept Current Deposit - Economics

Define or Explain the concept

Current deposit

Advertisement Remove all ads

Solution

Current Account deposits (also known as Demand Deposits) refer to those deposits that provide the depositor the liberty to withdraw money at any point of time. The depositor can withdraw the required amount from the account through cheques. Such deposits do not offer any or low rate of interest.

Concept: Commercial Banks
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×