Question

Demand deposits include ________ accounts. select one:

a. only checking
b. only savings
c. both checking and savings
d. commercial paper
e. credit card

Answer 1

Demand deposits include c. both checking and savings accounts

Demand deposits are a form of deposit which amount could be withdrawn by the owner without any prior notion.
Commercial paper and credit card need around a month notice in order to be withdrawn, and you can withdraw your checking and savings anytime you want.