Economy, asked by doodlethoughts, 1 year ago

what is bank money ???

Surajprakashtiwary: bank money or scriptural moneyare funds held in demand deposit accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined moneysupply of a country.

Answers

Answered by KHUSHIKANTROD

here is ur ans dude

Definition of bank money

: a medium of exchange consisting chiefly of checks and drafts

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Answered by Surajprakashtiwary

Demand deposits, bank money or scriptural money are funds held in demand deposit accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country. Simply put, these would be funds like those held in a checking account.

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