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sladkih [1.3K]
3 years ago
9

What is a demand deposit why is it called that

History
1 answer:
finlep [7]3 years ago
4 0

<u>Answer</u>:

The demand deposit is an account with any commercial bank or financial institute which allows a user or a depositor to withdraw and use the funds without informing or asking permission from bank.

<u>Explanation</u>:

As the word only suggest that the deposits to a bank that can be used at any time which is normally referred as the demand deposit. It is very necessary for the consumers to meet daily needs and expenses.

The benefits involve zero per cent interest, there is no barrier on number of transactions, no eligibility is required, and funds can be paid and withdrawen on demand.  Checking account is a very good example of it that allows one to withdraw at any time.

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The difference between the interpretations is that Turner believes that western expansion is a good thing, while Limerick believes that this expansion is not positive, but represents something bad.

Based on this, we can list the answers to the other questions as follows:

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Turner believed that with western expansion, the country would have a greater number of economic activities for its citizens. This would decrease the need for foreign labor, allowing for the closing of the border and the internal growth of the country.

Limerick believed that this expansion would create an overload and an undesirable expenditure of money, as the country already had areas that would be economically promising, mainly due to population growth and the possibility of industrialization that these areas had.

More information about the western expansion is at the link

brainly.com/question/3123730

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