what is demand deposit ? list 2 advantages of demand deposit .

Demand deposits are those deposits in the bank accounts which can be withdrawn in demand.$$$$ some of its advantages are :-$$$$ 1- Demand deposits have the essential characteristics of money, that is, of a medium of exchange. $$$$ 2-They eliminate the double coincidence of wants, are a store of value, make transactions easier and are a standard for deferred payments.$$$$ 3-They are widely accepted as a means of payment along with currency. they constitute money in the modern economy. Demand deposits are closely linked to the working of the modern banking systems.$$$$ 4- People 's money remains safe when they are placed in the bank in the form of demand deposits.$$$$ 5- Through demand deposits, people earn interest on the money they deposit.