Which of the Following Forms of Money Is the Least

question 112

Multiple Choice

Which of the following forms of money is the least liquid?

• A) Dollars.
• B) Checking account deposits.
• C) Passbook savings.
• D) Certificates of deposit.

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Definitions:

Check Register

A record of all checks written, deposits made, and charges or credits to a bank account, used for managing funds and reconciling bank statements.

Voucher Register

A journal or ledger used to record vouchers and their related purchases, payments, or expenses.

Vouchers Payable

Liabilities or accounts payable that are supported by a voucher evidencing the goods or services received.

Unpaid Vouchers

Records of amounts owed for goods or services received but not yet paid for.