Question

Demand deposits include (choose the correct alternative)

(a) Saving account deposits and fixed deposits

(b) Saving account deposits and current account deposits

(c) Current account deposits and fixed deposits

(d) All types of deposits

Answer 1

Saving account deposits and current account deposits

Demand deposits include savings and current account deposits because demand deposits are not for any specific period of time. They can be withdrawn as and when required. These deposits are chequable deposits.