011-40705070  or  
Call me
Download our Mobile App
Select Board & Class
  • Select Board
  • Select Class
Anusha Av from DELHI PUBLIC SCHOOL, asked a question
Subject: Social Science , asked on 30/11/13

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 ?

EXPERT ANSWER

Shvetika Sharma , Meritnation Expert added an answer, on 4/12/13

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

This conversation is already closed by Expert

  • Was this answer helpful?
  • 1
100% users found this answer helpful.
View More
music_maniac From The Indian School, added an answer, on 20/3/11
28 helpful votes in Social Science

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!!

  • Was this answer helpful?
  • 2
100% users found this answer helpful.
007 From Ecpsss,allahabad, added an answer, on 20/3/11
2 helpful votes in Social Science

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

  • Was this answer helpful?
  • 1
100% users found this answer helpful.