Is the dollar deposit cash or cash?
Dollar deposits can be cash or cash. Dollar deposit refers to the deposit business of depositing dollars into banks or other financial institutions, which can be cash or cash. Cash mainly refers to banknotes or coins in hand, such as dollar banknotes in hand. If you take a dollar bill to the bank for deposit, then this deposit is a cash deposit, and cash mainly refers to dollars from foreign exchange in China or dollars that have been transferred into the bank account. These dollars do not appear in the form of actual banknotes or coins, but are displayed as numbers in bank accounts, such as receiving foreign dollar remittances. Dollar deposits can be time deposits or current deposits. Choose different deposit terms and interest rates according to the needs of depositors. The interest rate of time deposits is higher, but depositors need to keep their deposits fixed for a certain period of time, while demand deposits are more flexible and depositors can access them at any time.