A demand deposit is a bank account from which deposited funds can be withdrawn at any time, without advance notice. DDA accounts can pay interest on the deposited funds but aren't required to. Checking accounts and savings accounts are common types of DDAS.
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Answer:
deposit of money that can be withdrawn without prior notice, e.g. in a current account.
Examples of demand deposit accounts include regular checking accounts, savings accounts, or money market accounts . Hope it helps good day, Army
Answer:
A demand deposit is a bank account from which deposited funds can be withdrawn at any time, without advance notice. DDA accounts can pay interest on the deposited funds but aren't required to. Checking accounts and savings accounts are common types of DDAS.
DDA means - demand deposit account
DDAS means - demand deposit account saving
Explanation:
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