in the terminology of economics and money demand ,the term M1andM2 are also known as
Answers
Answered by
0
Answer:
Closely related to currency are checkable deposits, also known as demand deposits. ... They are called demand deposits or checkable deposits because the banking institution must give the deposit holder his money “on demand” when a check is written or a debit card is used.
Answered by
0
Explanation:
known as demand deposits. ... They are called demand deposits or checkable deposits because the banking institution must give the deposit holder his money “on demand” when a check is written or a debit card is used.
Similar questions