Question on: WAEC Economics - 2015
The proportion of commercial banks' total assets kept in the form of highly liquid assets is known as
A
demand deposit
B
fixed deposit
C
cash ratio
D
moral suasion
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Correct Option: A
Demand deposit; is a deposit of money that can be withdrawn without prior notice, e.g. in a current account. A demand deposit is money that you deposit into a bank account from which you can withdraw on demand, at any time, without any advance notice to the bank.
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