Economy, asked by anshul117, 1 year ago

why are demand deposits considered as money??

Answers

Answered by Missintelligent1

Demand deposits are considered as money, because they can be withdrawn when required and themoney withdrawn can be used for making payments.

anshul117: thx

Answered by Arjungenious

Demand deposits are considered as money, because they can be withdrawn when required and the money withdrawn can be used for making payments.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