Checkable and debitable accounts in commercial banks and other financial institutions are classified as money because
A) they are not liabilities of the banks.
B) they sometimes earn an interest income for the depositor.
C) they are generally acceptable in the payment of debt.
D) banks hold currency in their vaults equal to the value of demand deposits.
C
Economics
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Economic activity initiated by market participants imposes costs on free riders
Indicate whether the statement is true or false
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