Social Sciences, asked by Riyapareek, 1 year ago

Why are demand deposits are considered as Money


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Answers

Answered by Sudin
1
Demand deposits are considered as money, because they can be withdrawn when required and the money withdrawn can be used for making payments.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.

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Answered by randhir8
1
we can take out money anytime from the banks are demand deposits considered as money
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