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Social Science · 2022 · 2 marks
CBSE 2022 · Region 1 · Set 1 · Q4
How is'Demand Deposit'an essential feature of money?
Marking-scheme solution
(i) The deposits in the bank accounts can be withdrawn on demand.
(ii) Demand deposits make it possible to directly settle payments without the use of cash.
(iii) They constitute money in the modern economy.
CBSE Class 10 Social Science past-paper question from the 2022board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.