How is demand deposits important for depositors? – InterviewSolution

InterviewSolution

1.	How is demand deposits important for depositors?
Answer» Demand deposits provide the money consumers NEED for purchasing daily expenses, where FUNDS can be withdrawn at any time from the depository institution. Demand DEPOSIT ACCOUNTS can have joint owners, where both owners must SIGN to open the account, but only one account holder has to sign to close the account.

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