Social Sciences, asked by sha5ilmsang1anrakans, 1 year ago

Why are demand deposits considered as money?

Answers

Answered by aqibkincsem
8

Demand deposits are considered as the money that mainly demands deposits on the withdrawn from bank that is mainly required to the high extent.

Demand deposits are widely accepted as payment with currency so that it is considered as money.

Demand deposits are widely accepted as means of the payment of cheque instead of cash.

Answered by adilhasin19
3

Demand deposits are considered as money,because they can be withdrawn when required and the money withdraw can be used for making payments.So,they are considered as money in in the modern economy.

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