Question: A checking account entry is money because it O O O O is ensured by the Federal Deposit Insurance Corporation. has been declared as

A checking account entry is money because it O O O O is ensured by the Federal Deposit Insurance Corporation.

A checking account entry is money because it O O O O is ensured by the Federal Deposit Insurance Corporation. has been declared as such by the federal government. performs the functions of money. can be sold for currency.

Step by Step Solution

3.36 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The detailed answer for the above question is provided below A c... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Banking Questions!