Solved

Although Checking Deposits Are Considered Money, They Are Actually

Question 112

Multiple Choice

Although checking deposits are considered money, they are actually


A) fictitious numbers in persons' checkbooks.
B) backed by commodities like gold.
C) not very useful for making payments.
D) bookkeeping entries in bank balance sheets.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions