Dayanand Kaushik
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How do the demand deposits share the essential features of money?

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Important Question for Class 10th, CBSE Social Science CH: 3, Economics CH: 3 Money and Credit, Class 10th 2022-23 Important Questions.

Sample Paper Questions NCERT Social Science

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  1. The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.

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