Checkable Deposits Are

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Checkable Deposits Are

ency and checkable deposits are money and have value
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1) It is acceptable as a medium of exchange 2) Currency is a legal tender or fiat money. In general, it must be accepted in repayment of debt, but that doesn't mean that private firms and governement are mandated to accept cash 3) The relative scarcity of money compared to goods and services will allow money to retain its purchasing power

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