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Svetradugi [14.3K]
4 years ago
7

Which is an example of a demand account

History
2 answers:
jonny [76]4 years ago
6 0

I believe the answer is: checking accounts

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. When check receiver cash the checks, the balance in your fund would automatically reduced and allocated to your transaction partner.

Tamiku [17]4 years ago
5 0
Checking accounts<span> are an </span>example<span> of </span>demand<span> deposits. </span>
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