Demand deposits refers to cash reserve of commercial banks.?
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1.Those deposits in the bank accounts that can be withdrawn on demand are called demand deposits.
2.This are reserved in commercial banks and can be withdrawn on our demand as per our wish.
3. They are widely accepted as means of payment along with the currency Thus they are considered as money.
4. They are closely linked to the working of the modern banking system. Such deposits on an amount and interest.
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