Which of the following describes a T-account and why it is useful?
It is the amount of money available to Congress for protests and or annual travel to
and from work and is useful to Congress because it limits pork barrel spending.
It is the account all Treasury Bill money flows to whenever T-bills are sold and helps
track the U.S. deficit.
It is any checkable deposit account that is connected to a savings account and is used
by banks to track sales growth of conjoined financial products.
It is an accounting mechanism that is used to track liabilities and assets of financial
institutions such as banks.
It is the account used when people pay back-taxes owed to the government and helps
the Treasury Department analyze the impact of tax avoidance efforts by businesses
and individuals.