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Why demand deposits considered as money???

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Why demand deposits considered as money???

    • Posted by Kanishka Dhanai 6 years, 8 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Amira Roy❤ 6 years, 8 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    Demand deposits are considered as money, because they can be withdrawn when required and the money withdrawn can be used for making payments.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.

    4Thank You

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