Which of the following is true?
I. Checks are considered money because they can be used as a medium of exchange.
II. Checks represent a transfer of money.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
Q74: Liquidity is the
A) speed with which the
Q82: Checks _ money and credit cards _
Q84: Credit cards are
A) money but are not
Q85: In the list of assets below, which
Q86: Checks are
A) the largest component of the
Q87: Liquidity is the same as
A) easy conversion
Q88: A highly liquid asset
A) has high transaction
Q94: Which of the following is NOT money?
A)
Q96: Liquidity is the
A) degree to which an
Q99: Checks _ money and checking deposits _
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