A checking deposit functions as
A)a medium of exchange and as a store of value.
B)a medium of exchange,but not as a store of value.
C)a store of value,but not as a medium of exchange.
D)neither a medium of exchange nor as a store of value.

Question

Quizplus · Accepted Answer

A checking deposit can be used as a medium of exchange to pay for goods and services, as well as a store of value since the funds can be saved and used later. However, the value may fluctuate due to interest rates and inflation.

A Checking Deposit Functions as