Multiple choice

Bank deposits that can be withdrawn without notice are called

  1. account payee deposits

  2. fixed deposits

  3. variable deposits

  4. demand deposits

  5. deposit slip
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A demand deposit is an account with a bank or other financial institution that allows the depositor to withdraw his or her funds from the account without warning or with less than seven days notice.

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