Asked by Tirza Scott on May 02, 2024

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Money produced by the Federal Reserve in the form of paper bills and coins

A) ABA number
B) agent
C) ATM
D) bank statement
E) cashier's check
F) certified check
G) check register
H) checking account
I) currency
J) deposit

Currency

Any form of money; the name given to the cash we use in our society.

Federal Reserve

The Federal Reserve is the central banking system of the United States, responsible for monetary policy, financial supervision, and the stability of the financial system.

Deposit

To entrust money to a bank or other institution; money (cash or checks) put into an account, increasing the account balance.

  • Develop an understanding of the format and objectives of assorted checking account-related documents and devices, notably bank statements, cashier's checks, and certified checks.
verifed

Verified Answer

AN
Alora NicholsonMay 03, 2024
Final Answer :
I
Explanation :
Currency refers to the physical form of money, including paper bills and coins, that is produced and issued by a country's central bank or government, in this case, the Federal Reserve in the United States.