Which Is NOT a Means of Payment in the United

question 215

Multiple Choice

Which is NOT a means of payment in the United States?

• A) Federal Reserve notes
• B) checkable deposits
• C) savings deposits
• D) stock options

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Definitions:

Transactions

The action of conducting business, trade, or an exchange between two or more parties, often involving financial operations.

Reserve Ratio

The reserve ratio is the fraction of depositors' balances banks must have on hand as cash, a regulatory requirement set by central banks.

National Charters

Official permissions granted by a government allowing the creation or operation of national banks and defining their powers.

Banking

The business conducted or services offered by a bank, such as lending, receiving deposits, and managing financial transactions.