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Anish Agrawal , asked a question
Subject: Social Science , asked on 23/12/14

 why are demand deposits considered as money?

Naina Singh , From Delhi Public School , added an answer
Answered on 9/3/11

bcezz.....they  can  be  withdrawn  on  demand...n  morovrr  the  most  exciting  feature  they  offer  ---->>  cheque..!  it  acts  as  modern  era  money  bcez  it  can  submit  transactions  widout  the  involvemnt  of  cash.....

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Naina Singh , From Delhi Public School , added an answer
Answered on 9/3/11

istudysst  !!!

Anjan Bansod , From Agrawal Academy , added an answer
Answered on 9/3/11

 Bcoz deposit means a saving containing money......huh

Aditya Kumar , From Delhi Public School, B.s.city , added an answer
Answered on 9/3/11

 thanx....

i am also studying sst!!

Naina Singh , From Delhi Public School , added an answer
Answered on 9/3/11

my  pleasure  buddy  ! 

Rushal Nayyar , From Mia Dav Public School,mehatpur , added an answer
Answered on 9/3/11

hi 'istudymaths '!....the ans is dat the demand deposists which we make in banks comprises of our own saving and moreover we can withdraw thwm at our own will at any time...

Aamie S , From Sncskylm , added an answer
Answered on 9/3/11

 The facility of cheque against demand deposits make it possible to settle payments without the use of cash.Since,demand deposits are widely accepted as a means of payment it contributes money in the modern world.

anmoldua3... , added an answer
Answered on 25/10/11

 abcdefghijklmnopqrstuvwxyz.. :p

Sanjana Channakrishna , From Kendriya Vidyalaya , added an answer
Answered on 10/11/11

oo thnaxx guyyssss

Sanjana Channakrishna , From Kendriya Vidyalaya , added an answer
Answered on 10/11/11

but its optional rite

Parag Patidar , From Vidya Sagar School , added an answer
Answered on 29/10/12

 Demand deposits are considered as money because They can be used as a medium of exchange They are easily acceptable like money They help in settling payments without the use of cash.

Siddhi Shrivas , From Kendriya Vidyalaya No 1 , added an answer
Answered on 21/1/13

 demand draft  are  considered as money beacause:-

  1. they are generally he extra money that we deposit to the bank
  2. here people 's money is safe and also people get INTEREST on it .

        3.in this way they don 't need to care for their money and also they get benefitted by it 

        4.along with this people can withdraw their deposits according to their will 

        5.this also ensures that people can take the help of his/her money in the case of need and also they help in settling the                    cash without the use of cash and are used as a medium of exchange 

Zoya Khan , From Kids Corner Happy School , added an answer
Answered on 23/12/14
Since demand deposits are accepted widely as a means of payment , along with currency . Thus they constitute money in the modern currency
Zoya Khan , From Kids Corner Happy School , added an answer
Answered on 23/12/14
Since demand deposits are accepted widely as a means of payment , along with currency . Thus they constitute money in the modern currency
S Keerthana , From Holy Child Auxilium School , added an answer
Answered on 23/12/14
A S MONEY IPLAYS MAJOR ROLE IN EVERY BASIC DAILY LIFE THINGS AND IS SIGNED BY INDIAN GOVERNER IT PLAYS THE ROLE OF DEMAND DEPOSIT
Pragalbh Upadhyay , From Delhi Public School , added an answer
Answered on 3/2/15
the facility of cheque against demand deposit makes it possible to directly without the use of cash.Since demand deposits are accepted widely is means of payment along with currency, they constitute modern form of money

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