Checkable Deposits Are Money Because They Are

question 117

Multiple Choice

Checkable deposits are money because they are

• A)legal tender.
• B)fiat money.
• C)acceptable as payment.
• D)token money.

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Definitions:

Arbitration Agreement

A contract in which parties agree to settle disputes through arbitration rather than litigation in courts.

Illegal Subject

Refers to any matter or topic that is prohibited by law for discussion, agreement, or action in contracts or other legal documents.

Training Program

Structured educational or skill-building initiatives designed to enhance the knowledge or capabilities of participants.

Severed Contract

A contract that has been divided into separate parts, treating each as distinct for purposes of enforcement or breach.