Social Sciences, asked by tanisha6493, 1 year ago

do you think that demand deposit are similar to currency or money ? what makes the cheques and demand draft less liquid that currency in hand

Answers

Answered by Anonymous

A cheque can bounce due to insufficient balance. DD cannot be dishonored as the amount is paid beforehand. Payment of cheque can be stopped by the drawee, whereas payment cannot be stopped in DD. ... In cheque drawer and payee are different persons.

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tanisha6493: thanks

tanisha6493: ya thanks fr asking I ha've some query

tanisha6493: I ha've uploaded one more question related to economics please answer me that

Answered by WolverineX24

Closely related to currency are checkable deposits, also known as demand deposits. ... For example, M2 includes savings deposits in banks, which are bank accounts on which you cannot write a check directly, but from which you can easily withdraw the money at an automatic teller machine or bank.
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WolverineX24: why you are DP less

tanisha6493: am new na that's why

WolverineX24: OK...

WolverineX24: so have a DP

tanisha6493: okkk

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tanisha6493: gud night

WolverineX24: have a nice day and a lovely dream

WolverineX24: Good night

tanisha6493: u tooo

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