1.   But these bank deposits are being held as a form of instant security against sudden withdrawals.

2.   It follows that their demand for bank deposits is also growing at twice the rate of growth of nominal income.

3.   Lower interest rates also make the rate of return on bonds more attractive than bank deposits and new bond issues.

4.   Lower rates hurt a currency by making bank deposits denominated in it less attractive.

5.   Lower rates make stocks more appealing than bonds and bank deposits.

6.   Lower rates often hurt a currency by making bank deposits denominated in it less attractive.

7.   Of much greater interest is where that bank deposit comes from.

8.   On selling his National Savings certificates, he would be paid by cheque and his bank deposit would increase.