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प्रश्न
Why are demand deposits considered as money?
लघु उत्तरीय
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उत्तर
Demand deposits are considered money because:
- Demand deposits offer easy access to funds. Individuals and businesses may withdraw funds from these accounts at any moment without any prior notice.
- Demand deposits function as a medium of trade. People use them to make purchases and pay bills.
- Demand deposits provide easy access to cash via cheques and ATMs.
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