Demand deposit
From Mises Wiki, the global repository of classical-liberal thought
Demand deposit is money placed in or credited to a commercial bank account which the depositor is legally entitled to withdraw on demand without prior notice. In practice, most withdrawals are in the form of checks which merely transfer sums within the banking system. Demand deposits are also known as deposit currency or checkbook money.[1]
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-07-01.
