What Is a Dual Currency Deposit?

It is a special type of credit currency. Credit money refers to the currency guaranteed by the currency issuer's credit, and the deposit currency is the credit currency secured by the credit status of the savings institution that issued the deposit.

Deposit currency

Right!

Is a special type

Deposit money [deposit money]: is a special type

Deposit currency refers to bank deposits that can play a monetary role, and mainly refers to demand deposits that can be processed for transfer settlement by issuing checks. Generally speaking, the balance of demand deposits should be regarded as the currency and generally regarded as the "deposit currency".

The deposit currency is mainly reflected in the demand deposits of units and individuals in bank accounts, which are mainly circulated in the banking system and can be used for transfer settlement. The deposit currency comes from the deposit of cash currency and the bank loan derivation mechanism.