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What is deposit money or bank money? - Economics

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Question

What is deposit money or bank money?

Very Short Answer
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Solution

“Deposit money” refers to the funds that individuals keep in banks, which can be withdrawn by the account holders whenever they wish using instruments like cheques, drafts, and similar means.

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Chapter 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [Page 477]

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Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 170. | Page 477
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