Checkable deposits are money because
A. checks bounce when there are not enough funds to cash them.
B. they are guaranteed by banks.
C. only banks and other financial institutions can offer them.
D. they are protected by the Federal Reserve.
E. they can be converted into currency on demand and are used directly as a means of payment.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Checkable deposits are money because A. checks bounce when there are not enough funds to cash them. B. they are guaranteed by banks. C. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In January 2014, Domingo, Inc., acquired 20 percent of the outstanding common stock of Martes, Inc., for $700,000. This investment gave Domingo the ability to exercise significant influence over Martes.
Answers (1)
Congratulations, you just won a "million dollar" jackpot! With the first payment to be received immediately, you will receive $100,000 each year for the next nine years.
Answers (1)
Baker Electronics reports the following data for the year ended December 31, 2019: Cash receipt from sale of equipment $40,000 Depreciation Expense 15,000 Cash payment of Dividends 7,000 Cash receipt from issuance of Common Stock 21,000 Net Income
Answers (1)
A restaurant has been sued because a customer claims to have found a bug in her chili. The company's lawyers believe there is only a remote possibility that the lawsuit will result in an actual liability.
Answers (1)
Scenario 12.3: Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the liquid and sell it.
Answers (1)
New Questions in Business
Yakov left his job as a plumber when his wife took a position in another region. the quantity of plumbing services demanded is considerably lower in the new region, in part because of high union-negotiated wages.
Answers (1)
Luthan Company uses a plantwide predetermined overhead rate of $23.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $278,400 of total manufacturing overhead cost for an estimated activity level of 12,000
Answers (1)
Sweet Cream is an ice cream manufacturer. It sells Guilt-Free, a zero-calorie ice cream, which competes with Flavor Bell's Moo Sweet, a low-calorie ice cream. Flavor Bell reduces Moo Sweet's prices to match Guilt-Free's prices.
Answers (1)
Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. finance/accounting B. research and development C. production/operations D. marketing
Answers (1)
If someone pays medical expenses directly to the provider, such as a doctor or hospital, what percentage of the gift is exempt from gift tax?
Answers (1)