why the demand deposits are considered as money
Answers
Answered by
1
as they can be used as a supportive monitery in banks and also transanctions can be made through them
Answered by
29
ʜᴇʏᴀ ᴍᴀᴛᴇ!!
ʜᴇʀᴇ ɪs ᴜʀ ᴀɴsᴡᴇʀ ⏬ ⏬
ᴅᴇᴍᴀɴᴅ ᴅᴇᴘᴏsɪᴛs ᴀʀᴇ ᴄᴏɴsɪᴅᴇʀᴇᴅ ᴀs ᴍᴏɴᴇʏ, ʙᴇᴄᴀᴜsᴇ ᴛʜᴇʏ ᴄᴀɴ ʙᴇ ᴡɪᴛʜᴅʀᴀᴡɴ ᴡʜᴇɴ ʀᴇϙᴜɪʀᴇᴅ ᴀɴᴅ ᴛʜᴇ ᴍᴏɴᴇʏ ᴡɪᴛʜᴅʀᴀᴡɴ ᴄᴀɴ ʙᴇ ᴜsᴇᴅ ғᴏʀ ᴍᴀᴋɪɴɢ ᴘᴀʏᴍᴇɴᴛs. sᴏ, ᴛʜᴇʏ ᴀʀᴇ ᴀʟsᴏ ᴄᴏɴsɪᴅᴇʀᴇᴅ ᴀs ᴍᴏɴᴇʏ ɪɴ ᴛʜᴇ ᴍᴏᴅᴇʀɴ ᴇᴄᴏɴᴏᴍʏ.
Similar questions