Question

why are demand deposits considered as money
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Answer 1

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(i) Demand deposits can be withdrawn from the bank whenever it is required.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

Answer 2

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Answer is given below :)

• Demand deposits can be withdrawn from the bank whenever it is required.
• They are widely accepted as a means of payment, along with the currency, thus they aqre considered as money

Hope it's helpful to you all

Thank you :)