Checking account deposits are classified as money because:
A. they can be readily used to make purchases and pay debts.
B. they earn interest income for the depositor.
C. banks hold currency equal to their outstanding deposits.
D. they are ultimately obligations of the Treasury.
Answer: A
Economics
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Indicate whether the statement is true or false
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For which of the following pairs of goods would most people likely have convex indifference curves?
A) nickels and dimes B) left shoes and right shoes C) movie tickets and concert tickets D) None of the above.
Economics