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Assertion: Demand Deposits in the bank are a form of money.
Reason: People have the provision to withdraw them as and when required.
Reason: People have the provision to withdraw them as and when required.
- a)Both A and R are true and R is the correct explanation of A .
- b)Both A and R are true but R is not the correct explanation of A.
- c)A is correct but R is wrong.
- d)A is wrong but R is correct
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
Assertion: Demand Deposits in the bank are a form of money.Reason: Peo...
As Demand Deposits in the bank are in form of money and yes people have the provision to withdraw the amount when required hence the reason is correct for the assertion.
Most Upvoted Answer
Assertion: Demand Deposits in the bank are a form of money.Reason: Peo...
1:Banks keep a small proportion of their deposits as cash with themselves. This is usually 15% of their deposits as cash. This amount is kept as a provision to pay the depositors who may come to withdraw the money on any day. This amount is enough because only a small fraction of people come to withdraw money on a given day.
2:The rest of the amount is used by the banks to give money on credit to people who need the credit. A bank charges interest on the loan which it gives to its creditors. The interest rate charged by a bank with no loans is higher than the interest rate given by it on deposits. Thus, interest is the main source of income for banks.
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Assertion: Demand Deposits in the bank are a form of money.Reason: Peo...
Demand Deposits in the bank are a form of money.
Demand deposits are funds held in a bank account that can be withdrawn by the account holder at any time. These deposits are considered a form of money because they can be used as a medium of exchange and are generally accepted as a means of payment.
People have the provision to withdraw them as and when required.
One of the key features of demand deposits is that they can be withdrawn by the account holder on demand. This means that the account holder has the provision to access their funds whenever they need them, without any restrictions or limitations.
Explanation: People have the provision to withdraw them as and when required.
The reason provided correctly explains why demand deposits in the bank are considered a form of money. The ability of account holders to withdraw their funds as and when required makes these deposits a liquid asset that can be used for transactions and payments. This liquidity and accessibility make demand deposits a preferred form of money for everyday transactions.
Conclusion
In conclusion, demand deposits in the bank are indeed a form of money because account holders have the provision to withdraw them as and when required. This liquidity and accessibility make them suitable for use as a medium of exchange and a means of payment. Therefore, both the assertion and the reason are true, and the reason correctly explains why demand deposits are considered a form of money.
Demand deposits are funds held in a bank account that can be withdrawn by the account holder at any time. These deposits are considered a form of money because they can be used as a medium of exchange and are generally accepted as a means of payment.
People have the provision to withdraw them as and when required.
One of the key features of demand deposits is that they can be withdrawn by the account holder on demand. This means that the account holder has the provision to access their funds whenever they need them, without any restrictions or limitations.
Explanation: People have the provision to withdraw them as and when required.
The reason provided correctly explains why demand deposits in the bank are considered a form of money. The ability of account holders to withdraw their funds as and when required makes these deposits a liquid asset that can be used for transactions and payments. This liquidity and accessibility make demand deposits a preferred form of money for everyday transactions.
Conclusion
In conclusion, demand deposits in the bank are indeed a form of money because account holders have the provision to withdraw them as and when required. This liquidity and accessibility make them suitable for use as a medium of exchange and a means of payment. Therefore, both the assertion and the reason are true, and the reason correctly explains why demand deposits are considered a form of money.
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Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer?
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Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer?.
Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
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Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Assertion: Demand Deposits in the bank are a form of money.Reason: People have the provision to withdraw them as and when required.a)Both A and R are true and R is the correct explanation of A .b)Both A and R are true but R is not the correct explanation of A.c)A is correct but R is wrong.d)A is wrong but R is correctCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 10 tests.
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