![Distinguish between demand deposits and time deposits Distinguish between demand deposits and time deposits](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Distinguish between demand deposits and time deposits
Demand deposits are deposits on a demand deposit account (DDA) that can be withdrawn at any time without advance notice.
Time deposit is where a depositor can withdraw his money at a fixed time of maturity and is operated by fixed account holder.
CATEGORIES Economics
TAGS Dr. Bbosa Science