A Checking Deposit Functions as

question 7

Multiple Choice

A checking deposit functions as

• A)a medium of exchange and a store of value.
• B)a medium of exchange, but not a store of value.
• C)a store of value, but not a medium of exchange.
• D)neither a medium of exchange nor a store of value.

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Definitions:

Pay Rent

The act of making a payment for the temporary use of a property or equipment owned by another.

Obligations

Duties or responsibilities imposed by contract, law, or societal standards that an entity or person is bound to fulfill.

Leaking Taps

A plumbing issue involving taps that drip or leak water, indicating a potential need for repair or replacement.

Repairs

The actions taken to restore something damaged or malfunctioning to a good or working condition.