Social Sciences, asked by brit4u3srirshrudariJ, 1 year ago

How do demand deposits possess the essential features of money? (3 marks) or why are demand deposits considered a s money?

Answers

Answered by essvy
4
In India,banks keep only 15 percent of the deposits made by the people.Rest of the deposits are lend out as loans to people who need it as some interest which they have to repay after certain period of time
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