Question

Demand deposits share an essential feature of money. Justify

Answer 1

Demand deposits share an essential feature of money.Since the deposits in the bank accounts can be withdrawn on demand.they
are called demand deposits.Through this our cash will be protected and we also get certain amount of intrest.Demand deposits open an opportunity for making transactions through cheques
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Answer 2

Answer:

Hi Guys!!!!

demand deposits share the essential feature of money . as people have the provision to withdraw the money and when they require. since the deposit is in the bank account can withdraw on demand deposit are called demand deposit. Demand deposit of another interesting facility it is the facility which lens it is essential characteristic of money that of the medium of exchange

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