Question 34 1 point D A check is 1 not money because it is n

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.