Question

why are demand deposits considered as money.
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Answer 1

Explanation:

• Demand deposits are considered as money, because they can be withdrawn when required and the money withdrawn can be used for making payments.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

Answer 2

Answer:

Hey!

Demand deposits are the deposits which can wmbe withdrawn on our demand. Deposits are done through money. Hence, demand deposits are considered as money.

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