Deposits made by the public into a savings account are referred to as ________.

Name: Deposits made by the public into a savings account are referred to as ________.
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Deposits made into a savings account are typically classified as demand deposits, as they can be withdrawn by the depositor on demand. Overdrafts refer to withdrawing more money than is available in the account, current deposits usually refer to checking accounts, and stockholders' equity refers to ownership in a company.

Deposits Made by the Public into a Savings Account Are