Savings deposits, money market mutual funds, and small-time deposits are like checkable deposits in that they may be used to pay for goods and services, but unlike checkable deposits in that to do so typically requires a little bit of extra work.
Checkable deposits, Deposits in financial institutions against which tests may be written forex sitting in financial institution vaults is not blanketed as a part of the cash delivery, because it isn't always being used as a medium of alternate. Checkable deposits are money due to the fact their proprietors can write tests against them. Federal Reserve Notes are liabilities of the Federal Reserve.
Checkable deposit money owed is a very liquid asset that allow depositors to have clean get entry into their price range. for that reason, checkable deposits typically are critical, however also one of the lowest-value, supplies of bank funds covering a massive proportion of financial institution liabilities.
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Disclaimer: your question is incomplete, please see below for the complete question.
A. they are very liquid; they cannot be used to pay for goods and services
B. they require no time to reach maturity; they are very liquid
C. they may be used to pay for goods and services; to do so typically requires a little bit of extra work
D. they are part of M1; are also part of M2
Hence, the answer is option C.
