Although Checking Deposits Are Considered Money, They Are Actually

question 112

Multiple Choice

Although checking deposits are considered money, they are actually

• A)fictitious numbers in persons' checkbooks.
• B)backed by commodities like gold.
• C)not very useful for making payments.
• D)bookkeeping entries in bank balance sheets.

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Definitions:

Meshing Gears

The process where the teeth of two or more gears come into contact with each other in order to transmit power from one shaft to another.

Sliding Action

The movement or operation of a mechanism that involves two or more surfaces moving over each other with minimal resistance.

Mesh

Mesh describes the process of interlocking or the state of being interlocked, as in the case of gear teeth or the fine woven material used in screens.

Bottoming

Occurs when the teeth of one gear contact the lowest point of its mating gear.