Examlex
Which of the following would NOT be registered under the PPSA?
Transaction Demand
The requirement to possess currency in order to carry out daily financial transactions.
Medium of Exchange
An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.
Measure of Value
A function of a medium of exchange that allows it to serve as a common denominator to express the value of goods and services.
Demand Deposits
Bank accounts from which deposited funds can be withdrawn at any time without any notice to the institution, such as checking accounts.
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