Q&A

Demand deposits share the essential features of money. The facility of cheques

Demand deposits share the essential features of money. The facility of cheques against demand
deposits makes it possible to directly settle payments without the use of cash. Since demand
deposits are accepted widely as a means of payment, along with currency, they constitute money
in the modern economy.
i. Demand deposits share the essential features of _____.
a. barter system b. money c. loan d. none of these
ii. When goods are directly exchanged without use of money, it is called ______.
a. barter system b. loan c. demand deposit d. none of these
iii. In India, currency is issued by___________.
a. State Bank Of India b. Reserve Bank of India
c. Ministry Of Finance d. None of the above
iv. Modern form of currency includes__________?
a. paper notes b. coins c. both a and b d. none of the above

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