Assertion (A): The facility of demand deposits makes it possible to settle payments without the use of cash.

Reason (R): Demand deposits are paper orders which make it possible to transfer money from one person’s account to another person’s account.

 

Answer:

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.