Which one of the following is considered to be money?
A)a debit card
B)a blank cheque
C)a lottery ticket
D)a credit card
E)a chequable deposit

Question

Quizplus · Accepted Answer

Chequable deposits are funds that are deposited in a financial institution that can be withdrawn by writing a cheque. They are considered to be a form of money because they can be easily converted into cash and used for transactions. The other options listed (debit card, blank cheque, lottery ticket, and credit card) are not considered to be money as they do not hold inherent value and cannot be directly used as a medium of exchange.

Which One of the Following Is Considered to Be Money