One hundred dollars on deposit in a checking account represents the use of money as a:

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Quizplus · Accepted Answer

Money stored in a checking account represents a store of value, as the money is being held for future use but can still be readily accessed and used as needed, similar to a savings account. It is not being directly used as a medium of exchange or a unit of account, as those refer more specifically to money being used in transactions or to measure goods and services. "Coincident exchange" is not a common economic term and does not apply in this scenario.

One Hundred Dollars on Deposit in a Checking Account Represents