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Question
Demand deposits include which of the following?
Options
Saving Account deposits
Current Account deposits
Fixed Deposits
All these deposits
MCQ
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Solution
Saving account deposits and Current account deposits
Explanation:
Demand deposits include Saving Account and Current Account deposits because these funds can be withdrawn by depositors at any time on demand without prior notice. They are highly liquid and transaction-friendly, unlike Fixed Deposits, which are locked for a specific term.
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