Business, 10.03.2020 20:26, catherine51

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.

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Checkable deposits are classified as money because:
A. they can be readily used in purchasing...