Question

A checking deposit functions as a.a medium of exchange and as a store of value. b.a store of value, but not as a medium of exchange. c.a medium of exchange, but not as a store of value. d.neither a medium of exchange nor as a store of value.

Answer 1

a.a medium of exchange and as a store of value.

Step-by-step explanation:

The checking account would be used in order to kept the money also it is used to buy the goods and services via online banking or writing the check

So as per the given situtation, the function of the checking deposit would be treated as the medium of exchange and the store of the value. Both should be considered

hence, the correct option is a.