Q - why does the demand deposit from the part of modern money ? (1 mark )
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Answer:
Demand deposit is a part of mordern money because it is in our use now
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Demand deposit forms the part of the modern money since the day to day needs and the demands of the people are changing day by day and it was necessary for the demand money to meet the requirements of the people.
Explanation:
- The demand money is the process of withdrawing the money when a user is an emergent need of money which he or she had already deposited in the bank.
- The demand money is defined as the sum of money that is kept as saved in the accounts so that the people can use them when they are in need.
To know more:
1) What are the modern forms of money? explain briefly
https://brainly.in/question/4896786.
2) Mention the mordern forms of money?
https://brainly.in/question/7588108
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