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Which of the Following Is False

Question 59

Multiple Choice

Which of the following is false?


A) The payments mechanism is the means by which transactions are completed; how money is transferred among transactors.
B) When you write a check at the grocers, dollars are then credited (added) to the deposit account of the grocer, and debited (removed) from your account.
C) The balances in checkable deposits are money.
D) Technological advances are making checks much more important as a means of payment than in the past.

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