Checks are not money because they
A)are just instruments to transfer money between banks.
B)are not guaranteed by banks.
C)can bounce when there are not enough funds to cash them.
D)are not issued by the government.
E)are not always accepted when trying to purchase goods or services.

Question

Quizplus · Accepted Answer

Checks are not money because they are instruments used to transfer money between banks, rather than being a form of money themselves.

Checks Are Not Money Because They