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    • Question : Which of the following statement is correct? Demand deposits are the deposits which can be encased by issuing cheque. Demand depos ...
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    Question : Which of the following statement is correct?

    • Demand deposits are the deposits which can be encased by issuing cheque.
    • Demand deposit with commercial bank is not a part of money supply.

     

    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.
     

    Team Careers360 20th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 22nd Jan, 2024

    Correct Answer: Statement 2 is true and statement 1 is false.


    Solution : Demand deposits are the deposits which can be encased by issuing cheque.
    Demand deposit with commercial bank is a part of money supply.
    Hence option D is correct .

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