What is a Demand Deposit?

Somtochukwu

A demand deposit is a checking account, so called because the person who deposited the money in the account has the right to demand the return of the money at any time.

 Click here to save this Post as PDF
Let us connect on social media forever;
Follow me

Somtochukwu

Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
Avatar
Follow me

Leave a Reply

Your email address will not be published. Required fields are marked *