Which one of the following is considered to be money?
A)a chequable deposit
B)a blank cheque
C)a credit card
D)a debit card
E)a Canada Savings Bond

Question

Quizplus · Accepted Answer

A chequable deposit is considered to be money because it is a deposit in a bank account that can be easily withdrawn by writing a cheque or making an electronic transfer. This makes it a medium of exchange that can be used to purchase goods and services. The other options listed are not considered to be money in the same way. A blank cheque is simply a piece of paper with writing on it and has no inherent value. A credit card and debit card are payment methods that rely on other sources of funds, such as a bank account or line of credit. A Canada Savings Bond is a financial instrument that earns interest over time but cannot be used as a direct means of payment.

Which One of the Following Is Considered to Be Money