Question

why are the demand deposit as money? what are the advantages of demand deposit​

Answer 1

Answer:

thank you for the points

Answer 2

Answer:

A demand deposit account is a bank account where you can withdraw any time you want, without paying any additional charges for it.

The advantages of demand deposits are:

Flexibility of Withdrawals: As the name suggests, you can ‘demand’ money for withdrawal any time you want, so you have liquidity of funds.

No Extra Fees: Withdrawal from a demand deposit account does not have any encashment charges.