A unit of ownership in a company.
The teller has to learn to recognize all customers' signatures.Current account deposits are included in demand deposits.Abbreviations or Slang with similar meaning.It is especially appropriate for those who may save small amounts from time to time without any planned regularity or for those who wish to save for a particular purpose in the immediate future, for example for; annual holidays 10 building slots all capitals or for the purchase.(i) M1 C.The amount of cash needed by a firm for day to day activity.Savings accounts offer account holders interest on their deposits.It is desirable to diversify one's portfolio.The rate of interest varies from time to time and is publicly advertised in any bank.These accounts combine the features of checking and savings accounts, allowing consumers to easily access their money but also earn interest on their deposits.(a) Meaning of Money Supply (D2010 The supply of money means the total stock of money (paper notes, coins and demand deposits of bank) in circulation which is held by the public at any particular point of time.Consumers deposit money which they can withdraw as desired on demand.Image Source: Image html: html with link: Share this picture: Most popular questions people look for before coming to this page.They are not likely to insist on this and cash is often immediately available to those who wish to withdraw.Current Account/Demand Deposit Account, a current account, also called a demand deposit account, is a basic checking account.In fact, a great deal of debate is still going on as to what constitutes money supply.3.You cannot make withdrawals from your deposit account.It is normally expected that a current account will remain in balance and customers who regularly maintain an agreed minimum balance are often given the services of the bank without charge."a deposit account" is: a) one from which regular payments are made, b) one in which savings are held, c) one from which withdrawals can be made by cheque.
As a cushion against unexpected demands a further proportion of funds is invested at low rates of return in highly liquid lending mostly to firms in the money and capital markets.
However, in some cases, account holders may incur a monthly fee if they do not maintain a set balance or a certain number of deposits.
In some cases, banks charge monthly fees for current accounts, but they may waive the fee if the account holder meets other requirements such as setting up direct deposit or making a certain number of monthly transfers to a savings account.
Changes in prices.
8.Why is it not a good idea to retain large balance in a current account?