Question

What do you mean by Demand deposits?

Hint:

Demand deposits are simply the money in your checking account that you can take out whenever you want.

Answer 1

Demand deposits are funds held in a bank account that can be withdrawn by the account holder at any time without any prior notice to the bank. These deposits are highly liquid and can be accessed "on demand" through cheques, Automated Teller Machines (ATMs), or debit cards. The most common type of account offering demand deposits is a checking account.