Question

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Answer 1

Answer:

Demand deposits are considered as money, because they can be withdrawn when required and the money withdrawn can be used for making payments. So, they are also considered as money in the modern economy. please mark me brainliest please

Answer 2

$\huge\bold\green{Answer}$

(i) Demand deposits offer another interesting facility. ... (iv) The facility of cheques against demand deposits makes settlement of payments possible without using cash. (v) Since demand deposits are accepted widely as a means of payment, along with currency, they constitute money in the modern economy.

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