A check
A) is riskier than cash for paying bills but is usually considered more efficient.
B) is a demand deposit.
C) may be written off a certificate of deposit.
D) may earn interest but not as much as a savings account.
E) is a written order to a bank to pay the indicated party the amount specified on the check from money on deposit.
Correct Answer:
Verified
Q16: Money has all the following characteristics except
A)
Q17: When inflation is very high,money is no
Q18: Because the U.S.government promises that its metallic
Q19: Funds in a demand deposit account cannot
Q20: The primary advantage of using money instead
Q22: Behind all forms of "near money" stands
A)
Q23: The acronym NOW,when used in financial circles,stands
Q24: What are the different types of checking
Q25: When the Fed buys securities,it decreases the
Q26: Credit cards have become quite popular as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents