Checking account deposits are classified as money because:
A) they earn interest income for the depositor.
B) they are ultimately obligations of the Treasury.
C) banks hold currency equal to their outstanding deposits.
D) they can be readily used to make purchases and pay debts.
Correct Answer:
Verified
Q53: Why do people often hold money instead
Q54: M1 includes which of the following?
A)Time deposits
B)Checking
Q55: Which of the following is included in
Q56: Which of the following will be affected
Q57: The chief difference between the M1 and
Q59: Small-denomination time deposits are included in:
A)M1.
B)M2.
C)currency.
D)checking accounts.
Q60: Savings and money market accounts are not
Q61: The process of packaging a variety of
Q62: Credit cards are:
A)financial assets for the holder.
B)financial
Q63: When considering policy, measures of access to
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