CHECKABLE DEPOSITS ARE MONEY BECAUSE (A) FEDERAL REGULATIONS MANDA...

79) Checkable deposits are money because

(a) federal regulations mandate that they be so considered.

(b) they serve the functions of money.

(c) only banks, and not savings and loan associations, can issue checkable deposits.

(d) of both (a) and (b) of the above.

(e) of both (a) and (c) of the above.

Answer: B

Question Status: Previous Edition