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WHY  ARE  DEMAND  DEPOSITS  CONSIDERED  AS  MONEY  ?WHY  SHOULD  CREDIT  BE  AT  A  REASONABLE  RATE AVAILABLE  TO  OLL  ?what  was  the  main  channel  connecting  countries  in  past  how  is  it  diffrent  from  now  ?there  are  many rules  and  regulations  but  they  are  not  followed . why ?
Asked by Anusha Av(student) , on 30/11/13


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EXPERT ANSWER

Ans 1) You can find the answer to your question at the below mentioned link.

http://www.meritnation.com/ask-answer/question/how-demand-deposits-share-important-features-of-money/money-and-credit/6375885

Ans 2) You can find answer to a similar question at the below mentioned link.

http://www.meritnation.com/ask-answer/question/cheap-affordable-credit-is-crucial-for-the-countrys-develo/money-and-credit/4298291

Posted by Shvetika Sharma(MeritNation Expert)on 4/12/13

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More Answers

A demand deposit or bank money refers to the funds held in demand deposit accounts in commercial banks . [1] These account balances are usually considered money and form the greater part of the money supply of a country.

Demand deposits are usually considered part of the money supply, as they can be used as a means of payment for goods and services and to settle debts, by means of checks and drafts. The money supply of a country is usually held to consist of currency plus demand deposits. In most countries, demand deposits make up the greater proportion of the money supply.

trade.

due 2 lack of consumer awareness

i hope dis helps u..if it did thumbs up plz!!

Posted by music_maniac(student)on 20/3/11

 cuz they hav a value for money as they contain money and can be used for money exchange!

Posted by 007(student)on 20/3/11

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