Checkable deposits are
A)subject to withdrawal by writing a check
B)issued only by commercial banks
C)issued by all financial intermediaries
D)not money.

Question

Quizplus · Accepted Answer

Checkable deposits are accounts that allow withdrawal by check, meaning money can be transferred directly from the account to a third party without the need for physical currency. This makes them a form of money and therefore different from D which states that they are not money. B and C are incorrect as checkable deposits can be issued by a variety of financial institutions, not just commercial banks.

Checkable Deposits Are