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Quotes of the day:
a good tooth, gets no gold
A demand deposit account (DDA) consists of funds held in a bank account from which deposited funds can be withdrawn at any time, such as checking accounts. DDA accounts can pay interest on a deposit into the accounts but aren’t required. A DDA allows funds to be accessed anytime, while a term deposit account restricts access for a predetermined time.
Money Management & Personal Finance : What Is a Demand Deposit?
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