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Question Practice

Which of the following best explains the term 'demand deposits'?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

Which of the following best ex...

Single Answer MCQ
Q-00015856

Which of the following best explains the term 'demand deposits'?

1

Deposits that can be withdrawn without prior notice.

2

Investments that yield high returns.

3

Funds that require a contract for withdrawal.

4

Long-term savings held for retirement.

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What is the role of credit in economic development?

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What is the primary function of modern money?

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Q4.

Which of the following is NOT considered modern money?

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