Question

15. Find the Incorrect option
A. Demand deposit share the essential features of money
B. With demand deposit payments can be made without cash
C. Demand deposits are safe way of money transformation
D. Demand deposit facility is like cheque
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Answer 1

Answer:

Explanation:

The incorrect option is 'Demand deposit facility is like cheque'. Explanation: The 'demand deposit facility' is not like a cheque. It has the facility of a cheque that is issued against the demand deposit makes it possible to facilitate transactions without the 'use of cash'.Oct 6, 2019