Explain which of the following count as money
a. a check in Ann's checkbook
b. currency in Ann's bank
c. currency in Ann's purse
d. Ann's checking deposit
Only parts (c), currency in Ann's purse, and (d), Ann's checking deposit, are money. Ann's check, given in part (a), is a method of transferring money from Ann to someone else. Thus the check (itself) is not money. Part (b), the currency in Ann's bank, is not money until someone withdraws it because currency inside a bank does not count as money.
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