[Answer] which is an example of a demand account?

Answer: checking account

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which is an example of a demand account? Demand account refers to a service provided by the bank that allows people to withdraw the fund that they've previously stored in the bank . Through checking accounts you can made a check payments in transaction with other people. Fri Jan 24 2020 · A demand deposit consists of funds held in an account from which deposited funds can be withdrawn at any time from the depository institution such as a checking or savings account accessible by a teller ATM or online banking. In contrast a term deposit is a … Mon Jan 24 2011 · Demand Deposit It is type of an account from which deposited funds can be withdrawn immediately at any time without any notice to the depository institution. Time Deposit It is type of deposit which is in contrast to demand deposit and funds are not available immediately .These are also known as term deposits . Tue May 17 2016 · Checking account is an example of a demand account. Checking accounts are an example of demand deposits. They allow the depositor to withdraw funds at any time and there is no limit to the number of transactions a depositor can conduct with these accounts (although a bank may charge a fee for each transaction). Unlike other types of retail financial accoun...

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