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People can write checks against a. demand deposits and money market mutual funds b. demand deposits...

People can write checks against a. demand deposits and money market mutual funds b. demand deposits but not money market mutual funds c. money market mutual funds but not demand deposits d. neither demand deposits nor money market mutual funds

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Answer #1

Answer: A

Cheques can be written against both money market mutual funds and demand deposits. Both money market mutual funds and demand deposits will allow people to write cheques but on money market mutual funds there is a restriction on the amount that can be written.

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