Final answer:
The statement about deposits into a checking account being made weekly is not universally true or false, as deposits depend on the account holder's transactions. Banks consider deposits as liabilities. The line between checking and savings accounts has become less distinct over time.
Step-by-step explanation:
Regarding the frequency of deposits into a checking account, the statement that deposits are made once each week is not necessarily true or false as a general rule. Deposits into a checking account, as well as into savings accounts or certificates of deposit, can be made as often as the account holder decides. Banks view these deposits as liabilities because they owe the deposited funds back to the customers upon request.
A checking account facilitates transactions by providing easy access to money through checks or a debit card. It's important to note that the lines between checking and savings accounts have blurred, with many banks now offering hybrid accounts that may provide interest rates similar to savings accounts or allow limited check writing on savings accounts. Ultimately, the frequency of deposits into a checking account depends on the account holder's personal or business transactions and is not predetermined by the bank itself.