Checkable deposits are not classified as money because they fail to provide a store of value.
Correct Answer:
Verified
Q119: The Federal Reserve System:
A) was created by
Q120: Which of the following is not one
Q121: Money is said to be liquid because
Q122: In the United States, currency in circulation
Q123: Money eliminates the need to barter.
Q125: Credit cards are money because they serve
Q126: The Federal Deposit Insurance Corporation (FDIC):
A) insures
Q127: M2 is actually a smaller amount than
Q128: Any item can successfully serve as money.
Q129: The Monetary Control Act of 1980:
A) extended
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