Checking deposits at banks are

Name: Checking deposits at banks are
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Checking deposits at banks are considered money because they can be easily accessed and used for transactions. They can be withdrawn as cash or used to make purchases electronically through debit cards or checks. The fact that they are insured by the FDIC is a reflection of their status as commonly accepted forms of payment, not the sole reason why they are considered money.

Checking Deposits at Banks Are