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Question
Which one of the following is not a feature of demand deposits?
Options
Money from these deposits are payable on demand.
Money from these deposits can be withdrawn by cheques without any restrictions on the amount or number of withdrawals.
Demand deposits accounts are mostly held by traders and businessmen.
Banks pay a nominal interest on deposits on these accounts.
MCQ
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Solution
Money from these deposits can be withdrawn by cheques without any restrictions on the amount or number of withdrawals.
shaalaa.com
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