When banks store your money in a checking account, they give you checks. These checks:
A) become liabilities to you.
B) become assets of the bank.
C) are another form of money.
D) make your money more liquid.
Correct Answer:
Verified
Q41: Which of the following components is not
Q42: The M1 measure of money includes which
Q43: The measure of money that best fulfills
Q44: M2 includes which of the following?
A)Corporate bonds
B)Government
Q45: In pre-colonial Central America, the cocoa seed
Q47: The measure of money most closely correlated
Q48: M1 consists primarily of cash in the
Q49: Which of the following is not a
Q50: In an advertisement for credit cards, the
Q51: Using a credit card creates a financial:
A)liability
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