Question

How do the demand deposits share the essential features of money? Please answer it fast

Answer 1

Answer:

The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash.

hope it helps you...

Answer 2

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Demand deposits share the essential features of money in following way :-

The facility of cheques against demand deposits makes it possible to directly settle payments without the use of cash.

Since demand deposits are accepted widely as a means of payment, along with currency, they constitute money in the modern economy.