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As of March 2019, more than half of the money supply (M1) was in the form of Multiple Choice currency. checkable deposits. gold coins and bars. savings deposits.

Sagot :

Martebi

There are different kinds of cheques. As of March 2019, more than half of the money supply (M1) was in the form of checkable deposits.

  • Checkable deposits is simply known as any form of demand deposit account against which checks or drafts of any kind can be written.

They contains any form of negotiable draft, such as Super now account. This type of deposits are vital source of bank funds. To the owner of the account, a checkable deposit in simply known as a form of an asset.

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