A demand deposit is the balance:
A) in a checking account.
B) in a savings account.
C) in a stock brokerage account.
D) of a person's share in a money market mutual fund.

Name: A demand deposit is the balance: A) in a checking account. B) in a savings account. C) in a stock brokerage account. D) of a person's share in a money market mutual fund.
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Question

Quizplus · Accepted Answer

Demand deposits typically refer to the funds available in checking accounts, which can be withdrawn at any time without any advance notice.

A Demand Deposit Is the Balance