Bank deposits are a form of money as they can be accepted for payment, generally and are good to extinguish debts. People do not discriminate against bank deposits as a form of money... Money is not only cash but also bank deposits, and even Government Treasuries.
The price of cash (as the base form, perhaps?) is altered by the quantity of other forms of money in circulation. More bank deposits leads to less expensive cash.
Anything that causes inflation is a form of money.
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