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Demand deposits are equal to cash deposits of the people with the Commercial Banks

501 viewsDecember 24, 2023Money and Banking True or False

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Anurag Pathak25.51K December 24, 2023 0 Comments

True or False with Reasons:

Demand deposits are equal to cash deposits of the people with the Commercial Banks.

Anurag Pathak Changed status to publish December 24, 2023

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Anurag Pathak25.51K Posted December 24, 2023 0 Comments

False,

Demand deposits are equal to sum total of primary deposits (i.e. cash deposits) and Secondary Deposits (i.e. deposits which arise due to loans).

Anurag Pathak Changed status to publish December 24, 2023

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.