UrbanPro

Take Class 12 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

Why the demand deposits are considered as money?Explain.

Asked by Last Modified  

Follow 5
Answer

Please enter your answer

Accounting Tutor

Demand deposits are considered as money, because they can be withdrawn when required and the money withdrawn can be used for making payments. So, they are also considered as money in the modern economy.
Comments

Online Teacher with over 30 Years Experience

Money is what money does and medium of exchange is the most important function of money. Demand deposits are also known as chequable deposits as they can be used on demand. They can also be used for making payments. That's why they can be considered as money.
Comments

Tutor

i) Demand deposits can be withdrawn from the bank whenever it is required.(ii) They are widely accepted as a means of payment, along with the currency, thus they aqre considered as money.(iii) They are accepted widely as means of payment by way of a cheque instead of cash
Comments

View 1 more Answers

Related Questions

I am in class 12 commerce, should I join coaching classes for entrances?
If you are capable of understanding and covering 95% of the syllabuss by yourself no need of joining a coaching class else you have select a good coaching centre.
Harish
0 0
5
Should I join JEE coaching in class 12?
Obviously if you get a chance and if you can afford, coaching is the best and lead towards your dream.It's can help you to develope some skills and strength to every subject that you weak.Many more it will help you to grap more knowledge and ideas.
Latha
0 0
5
Is it necessary to join the coaching for PCM (Class 11)?
If you are from ICSE or cbse board then you can read physics and chemistry at home and take tution for maths only. But if you are from West Bengal board.. you can take tution for PCM. This is because some...
Mukundan
Which Coaching Institute provides best study Material for Mathematics of class 12?
IIT Junction in Wakad Pune will get you the best material for your preperation
Y
0 0
8
Are coaching classes compulsory in class 11 in commerce?
It is not compulsory but right coaching will give better understanding of the subject.
Krishan
0 0
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Consumer Equilibrium
Basic Terms: 1.Utility:It refers to want satisfying power of the commodity.It is measured in utiles. 2.Types of Utilities: Tototal Utility: It refers to sum total of utility that is received from...

Barter System - Drawbacks of Barter System, Class 12, NCERT, Macro Economics
Economics - CBSE Std XIIth, State Board, ICSE/ISC, IGCSE/GCSE



Utility and its features
What is Utility and what are its features?

Recommended Articles

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more