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2 most important questions cheap and …

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2 most important questions cheap and affordable credit is crucial for the country's development highlights the role of loan in reference to India and another question is what are the demand deposits what are the advantages why are demand deposits as morning both are 5 marks question
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Abhinav ? 6 years, 5 months ago

The deposits in the bank accounts can be withdrawn on demand, these are called demand deposits. ◆Bank accept the deposits and also pay an interest rate on deposits. ◆ the facility of cheques against demand deposits makes it possible to directly settle payments without use of cash. ◆It is authorised by the government of the country.
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