chap 14 - 1. Checkabledepositsareclassifiedasmoneybecause:...

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1.   Checkable deposits are classified as money because:    Student Response Value Correct Answer Feedback A. they can be readily  used in purchasing  goods and paying  debts. 100%       B. banks hold currency  equal to the value of  their checkable  deposits.      C.  they are ultimately the  obligations of the  Treasury.      D.  they earn interest  income for the  depositor.      Score: 1/1    2.   The twelve Federal Reserve Banks are governmentally owned but privately controlled.    Score: 0/1    3.
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  As it relates to Federal Reserve activities, the acronym FOMC describes the:    Score: 1/1    4.   The twelve Federal Reserve Banks:    Score: 0/1    5.   (Last Word) The use of U.S. dollars in foreign countries:   
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Score: 1/1    6.   The value of money varies:    Score: 0/1    7.  
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chap 14 - 1. Checkabledepositsareclassifiedasmoneybecause:...

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