Demand Deposit

Demand Deposit

Demand deposits, bank money or scriptural money are funds held in demand deposit accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country.

Read more about Demand Deposit:  History, Money Supply

Famous quotes containing the words demand and/or deposit:

    “The sun is shining.
    The shadows of the lovers have disappeared.
    They are all eyes; they have some demand on me—
    They want me to be more serious than I want to be.”
    —Louis Simpson (b. 1923)

    “A real life, a life that leaves a deposit in the shape of something alive.... It’s difficult to say what makes a life a real life.... You could also say it depends on a person being identical with himself.”
    —Max Frisch (1911–1991)