Question

why are demand deposits considered as money???​

Answer 1

Answer:

Demand deposits are considered as money, because they can be withdrawn when required and themoney withdrawn can be used for making payments.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

Answer 2

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☞︎︎︎(i) Demand deposits can be withdrawn from the bank whenever it is required.

☞︎︎︎ (ii) They are widely accepted as a means of payment, along with the currency, thus they aqre considered as money