Difference between revisions of "Demand deposits"
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| − | [[Demand deposits]] | + | [[Demand deposits]] are deposits in banks that are available by making a cash withdrawal or writing a check. |
==Definition== | ==Definition== | ||
Latest revision as of 14:25, 2 July 2020
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.
