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What type of money involves demand deposits with commercial banks?
  • a)
    Fiat Money
  • b)
    Metallic Money
  • c)
    Commodity Money
  • d)
    Bank Money
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What type of money involves demand deposits with commercial banks?a)Fi...
Bank money refers to demand deposits that can be accessed through cheques, making it a highly liquid form of currency. This form allows for transactions without the need to carry physical cash.
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