4 poir QUESTION 9 Checkable deposits are money because ?only banks and other fin

Question

4 poir QUESTION 9 Checkable deposits are money because ?only banks and other financial institutions can offer them. 0 checks bounce when there are not enough funds to cash them Othey can be converted into currency on demand and are used directly as a means of payment. they are guaranteed by banks QUESTION 10 4 points Checks are not money because they are just instruments to transfer money between banks can bounce when there are not enough funds to cash them. are not issued by the government are not always accepted when trying to purchase goods or services. QUESTION 11 4 points An official measure of money in the Urited States is M1, which includes the sum of traveler's checks plus checkable deposits plus small time deposits plus money market funcds and other deposits. currency pius ourrency plus traveler's checks plus time deposits currency plus checkable deposits plus traveler s checks checkable deposits plus small time deposits QUESTION 12 4 points sa If Rob deposits $300 in curency into his savings account at Bank of America M1 does not change. M2 increases M1 decreases M2 decreases

Explanation / Answer

9) checkable deposits are money because they can be converted into currency on demand and are used as a means of payments.

10.) checks are not money because they are not always accepted when trying to purchase goods or services.

11) 2nd option

M1 consists of the most liquid form of money namely currency and checkable deposits.

12) deposit in saving bank account would increase M2.

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