Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Or go directly to:

Class notes Holiday assignments Topical questions Other resources

What is a demand deposit?

Answers

Is an account held at a bank/other financial institution, the funds deposited in which are payable on demand. The primary purpose of demand deposit is to facilitate cashless payments by means to cheques/ Electronic Fund transfer (EFT).

Kavungya answered the question on March 26, 2019 at 05:22

Answer Attachments

Next: An iron rod XY is placed inside a coil of wire. What type of magnetic pole is induced at the end x when the current...

Previous: An un-insulated copper wire XY lies over the fixed wire A and B connected to a battery when the key in the circuit is closed,...

View more Monetary Theory and Policy Questions and Answers | Return to Questions Index

Get ready-made curriculum aligned revision materials

What is a demand deposit?

Answers

Exams With Marking Schemes

Related Questions