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Standard X
Economics
Demand Deposits
The deposits ...
Question
The deposits one can withdraw on demand are known as demand deposits.
A
False
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B
True
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Solution
The correct option is
B
True
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Q.
Deposits which are withdrawable on demand are called _______ deposits.
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M1 includes net demand deposits and not gross demand deposits, as net demand deposits do not include inter-banking claims.
Q.
How can you withdraw the demand deposit from your bank?
Q.
Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called ________.
Q.
Demand deposits are included in ________.
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