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Why are demand deposits considered as …

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Why are demand deposits considered as money

Posted by Aaditya Sharma 6 years, 10 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 10 months ago

Demand deposits are considered as money, because they can be withdrawn when required and the money withdrawn can be used for making payments. So, they are also considered as money in the modern economy.

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CBSE > Class 10 > Social Science