A demand deposit is an account with a bank or other financial institution that allows the depositor to withdraw his or her funds from the account without warning.
Answer is D. checking account as they allow the depositor to withdraw funds at any time.
It should be noted that an example of a demand account is checking account.
As a result of this we can see that demand deposit account serves as the bank account where by a deposited funds can be withdrawn when needed .
Therefore, example of a demand account is checking account
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