Question : Which of the following statement is correct?
- Demand deposit is a optional money.
- Demand deposits are treated as equal to currency held as they are readily accepted as a means of payment.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Answer (1)
3rd Jan, 2024
Correct Answer:
Both are true
Solution :
Demand deposit is a optional money.
Demand deposits are treated as equal to currency held as they are readily accepted as a means of payment.
Hence option A is correct .
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