The set of items that serve as media of exchange includes d. demand deposits.
What is a demand deposit?
A demand deposit account (DDA) can be regarded as the bank account from which deposited funds can be withdrawn base on how it is needed.
This can be wit draw without advance notice and it can pay interest on the deposited funds .
Examples of this are:
- Checking accounts
- savings accounts
It should be noted that The set of items that serve as media of exchange includes d. demand deposits.
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