Currency includes only
A)coins and paper money.
B)coins, paper money, and checking deposits.
C)paper money.
D)greenbacks.
E)coins.

Question

Quizplus · Accepted Answer

Currency refers to physical forms of money, such as coins and paper money, which are accepted as a medium of exchange. Checking deposits are not considered currency as they represent a claim to money rather than physical money itself. Greenbacks are a specific type of paper money issued during the American Civil War and are no longer in circulation. Therefore, the best choice is A) coins and paper money only.

Currency Includes Only