If something is considered monev, it will have all of the following characteristics: a medium of exchange, unit of account, and a store of value. Question 3 {1 point} Demand deposits are hank held deposits in checking accounts QUEstion 4 {1 point] The Federal Reserve is the central bank for several nations. including the U5. Question 5 {1 point] Excess reserves are reserves held hv banks, over and above required reserves