What are demand deposits and why should they be included in the stock of money?
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Demand deposits are the balances in bank accounts that depositors can access on demand by writing a check. They are included in the stock of money as the checks can be readily used as a medium of exchange.
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Demand deposits are the balances in bank accounts that depositors can access on demand by writing a check. They are included in the stock of money as the checks can be readily used as a medium of exchange.
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