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Demand Deposit

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The following question asked to give some reasons why savings accounts should be regarded as money. Why or why should they not. I need help to make this argument I need help to decide to make an argument for which side is more convincing.

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The solution discusses the meaning of demand deposit.

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Definition: M1 is a measure of total money supply. The M1 money supply includes only checkable demand deposits. Thus it does not include saving deposits if ...

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