Identify the correct statement.
A) Paper and metallic currency have replaced demand deposits and other checkable deposits as the major source of money used for transactions in the United States.
B) A credit card is a long-term loan.
C) Most of the money used for day-to-day transactions is legal tender.
D) A debit card is money.
E) Paying for goods and services with checks is easier and less risky than paying with paper money.
Correct Answer:
Verified
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Q38: A depositor cannot directly write checks against:
A)demand
Q39: Paper money in the U.S. is:
A)fiat money.
B)more
Q40: Nontransaction deposits:
A)are near money assets.
B)are the money
Q41: Which of the following is true of
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