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Why are demand deposits considered as money? |
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Answer» ong>Answer: (i) Demand deposits can be withdrawn from the bank whenever it is REQUIRED. (ii) They are widely accepted as a MEANS of payment, along with the currency, thus they aqre considered as money. (III) They are accepted widely as means of payment by way of a cheque instead of cash Explanation: I HOPE it's HELPFUL for you. |
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