Question

Find the Incorrect option A. Demand deposit share the essential features of money B. With demand deposit payments can be made without cash C. Demand deposits are safe way of money transformation D. Demand deposit facility is like cheque

Answer 1

The demand deposit facility isn’t the same as a check. It has the capability of issuing a cheque against a demand deposit, allowing transactions to be completed without the usage of cash.
The term demand deposit refers to a deposit that individuals can withdraw on demand. They can pay for the amount that they have put as a demand deposit by check rather than cash.