CBSE BOARD X, asked by naikpoojan, 1 year ago

Why are demand deposits considered as money?

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Answered by 6700190013

So u can get money from your deposit account

I hope this helps

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Answered by Anonymous

Demand deposits are considered as money, because they can be withdrawn when required and themoney withdrawn can be used for making payments.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

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