MP Board · Class 10 · Social Science · Economics: Money and CreditWhat are deposits in bank accounts that can be withdrawn on demand called?
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Total Attempts: 3
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Step-by-Step Solution
Deposits in bank accounts that can be withdrawn on demand are called demand deposits.
Detailed Options Breakdown
Option : Fixed deposits
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
Option 1: Demand deposits (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Recurring deposits
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
Option 3: Long-term deposits
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
💡 Study Guide: This question tests core syllabus concepts from Economics: Money and Credit. For formulas, key summaries, and mock exam reference guides, read the full Economics: Money and Credit Revision Notes.