Kajal: Your Academic Support System

Answer

Demand deposits refers to the money deposited in a bank which can be withdrawn on demand without giving prior information to bank by the depositor.

Answer

Current account deficit refers to a situation when a country's imports in terms of goods and services exceeds its exports. It is also known as trade deficit.

Answer

Unemployment can be voluntary as well as involuntary. If a person is able to work as well as willing to work at the existing wage rate but still not getting a job or work is called involuntary unemployment. On the other hand if he or she is not able to work or not willing to work at the existing wages it is considered as voluntary unemployment or remaining unemployed by ones own will.