Answers

2016-03-08T20:27:19+05:30
Demand deposits act as a medium of exchange like money.they constitute money in the modern economy.
they are widely accepted as a means of payment by way of cheque instead of cash.
such deposits earn an amount as interest.
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2016-03-08T20:54:47+05:30
1 they can be withdrawn at any time
2 banks give interest on these deposits
2 used by bank to give loans
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