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Why the demand deposit considered as …

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Why the demand deposit considered as money?

Posted by Mihika Sharma 5 years, 7 months ago

CBSE > Class 10 > Social Science

2 answers

Riya Philip 5 years, 7 months ago

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Yogita Ingle 5 years, 7 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Demand deposits are considered as money, because they can be withdrawn when required and the money withdrawn can be used for making payments.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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