Demand deposits

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Demand deposits are deposits in banks that are available by making a cash withdrawal or writing a check.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Demand deposits. Deposits in banks that are available by making a cash withdrawal or writing a check.

According to Macroeconomics by Mankiw (7th edition),

Demand deposits. Assets that are held in banks and can be used on demand to make transactions, such as checking accounts.

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