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What is double coincidence and demand …

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What is double coincidence and demand deposit of commercial banks

    • Posted by Sarika Popli 7 years, 1 month ago

    CBSE > Class 10 > Social Science
    • 4 answers

    Geetanand Yadav 7 years, 1 month ago

    The deposits in the bank accounts which can be withdrawn on demand are known as demand deposits

    2Thank You

    Yogita Ingle 7 years, 1 month ago

    Demand deposits: People with extra money deposit it in the banks by opening a bank account in their name. Banks accept the deposits and also pay an interest rate on the deposits. In this way people’s money is safe with the banks and it earns an interest.
    People also have the provision to withdraw the money as and when they require. Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called demand deposits.
    Double coincidence: The double coincidence of wants mean that both the parties have to agree to sell and buy each other's commodity i.e. what a person desires to sell is exactly what the other person wishes to buy.

    2Thank You

    Sarika Popli 7 years, 1 month ago

    Aur demand deposit of commercial banks?

    0Thank You

    Geetanand Yadav 7 years, 1 month ago

    If one thing is with one people and another thing is with other person and they each other want their things this is called double coincidence

    1Thank You

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