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Question 34 (1 point) D A check is 1) not money because it is not off.pdf

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Question 34 (1 point) D A check is 1) not money because it is not officially issued by the government. 2) money because it is a means of payment. 3) money because it is generally accepted as a means of payments. 4) not money but transfers bank deposits which are money. Solution Answer is 3. Money because it is generally accepted as a means of payments. Explanation: A check is a negotiable instrument and is treated like money because it majorly does all the function of money like accepted as a means of payments, etc..

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Question 34 (1 point) D A check is 1) not money because it is not officially issued by the government. 2) money because it is a means of payment. 3) money because it is generally accepted as a means of payments. 4) not money but transfers bank deposits which are money. Solution Answer is 3. Money because it is generally accepted as a means of payments. Explanation: A check is a negotiable instrument and is treated like money because it majorly does all the function of money like accepted as a means of payments, etc.

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