Checkable deposits are classified as money because:
A) they can be readily used in purchasing goods and paying debts.
B) banks hold currency equal to the value of their checkable deposits.
C) they are ultimately the obligations of the Treasury.
D) they earn interest income for the depositor.
Correct Answer:
Verified
Q1: When economists say that money serves as
Q7: If you are estimating your total expenses
Q11: When economists say that money serves as
Q15: Which of the following is not part
Q15: The M2 money supply includes
A)stock certificates.
B)currency in
Q18: In February 2013,the supply of money (M1)in
Q18: To say money is socially defined means
Q24: Coins held in commercial banks are:
A) included
Q28: Money market deposit accounts are included in
A)
Q37: The largest component of the money supply
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