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Deposits with the banks are called demand deposits because they can be withdrawn on demands.
People deposits surplus money with the banks because in this way their money is safe and it earns an interest too.
In India, Reserve Bank of India issues currency notes on behalf of the central government.
Because it is unauthorised by the government of country e.g. Indian Government.
Basic feature is that both parties agree to sell and buy each other's commodities. It is practiced in Barter system.
Basic feature is that both parties agree to sell and buy each other’s commodities. It is practiced in Barter system.
How much amount of the deposits is kept as cash by the banks and why?
Deposits with the banks are called demand deposits because they can be withdrawn on demands.
Deposits with the banks are called demand deposits because they can be withdrawn on demands.
See lessWhy do people deposit money with the bank?
People deposits surplus money with the banks because in this way their money is safe and it earns an interest too.
People deposits surplus money with the banks because in this way their money is safe and it earns an interest too.
See lessWhich authority issues currency notes in India?
In India, Reserve Bank of India issues currency notes on behalf of the central government.
In India, Reserve Bank of India issues currency notes on behalf of the central government.
See lessWhy is currency accepted as a medium of exchange?
Because it is unauthorised by the government of country e.g. Indian Government.
Because it is unauthorised by the government of country e.g. Indian Government.
See lessWhat is the basic feature of double coincidence of wants? In which system is it practiced?
Basic feature is that both parties agree to sell and buy each other's commodities. It is practiced in Barter system.
Basic feature is that both parties agree to sell and buy each other’s commodities. It is practiced in Barter system.
See less