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lesya692 [45]
3 years ago
7

Why are funds in checking accounts called demand deposits

History
1 answer:
SVETLANKA909090 [29]3 years ago
6 0

These are the amounts held in checking accounts. They are called demand deposits or checkable deposits because the banking institution must give the deposit holder his money “on demand” when a check is written or a debit card is used.

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<em>The results of a government </em><u><em>NOT ADHERING</em></u><em> to the rule of law could be the following: Laws change often and there is no standard process for deciding what will become law, Laws do not apply basic principles of fairness and morality, and Laws allow government officials to behave in any way, without adhering to the same laws as other citizens.</em>

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