A demand deposit or bank money refers to the funds held in demand deposit accounts in commercial banks .  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.
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