Which of the following statements about traveler's checks is true?
A) Traveler's checks are included in M1 but not M2.
B) Traveler's checks are considered a savings deposit.
C) Traveler's checks are not money.
D) Traveler's checks are part of M1 and M2.
E) Traveler's checks are considered a checkable deposit.
Correct Answer:
Verified
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