Solve
Guides
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Open in App
Solution
Verified by Toppr
(ii) Demand deposits held by the commercial banks are the intangible form of money which the public deposit into the banks which can be withdrawn on demand at anytime and any place. (i) Currency and coins with public are the physical form of money which are issued by the central bank of country and it is commonly accepted as a form of legal tender by the whole country.
Was this answer helpful?
7
Similar Questions
Q
1
Discuss the meaning of:
(i) Currency and coins with public;
(ii) Demand deposits held by commercial banks.
View Solution
Q
2
Explain the concepts of:
(i) Currency and coins with public;
(ii) Demand deposits held by commercial banks.
View Solution
Q
3
Which among the following represents the currency notes and coins as well as net demand deposits held in commercial banks?
View Solution
Q
4
In terms of money supply, Currency note and coins in circulation + Net demand deposits held in commercial banks = _____
View Solution
Q
5
High powered money includes the cash reserves of commercial banks and the currency held by public.
View Solution
