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Which of the following describes a T-account and why it is useful?


It is the account all Treasury Bill money flows to whenever T-bills are sold and helps track the U.S. deficit.


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 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 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.


It is an accounting mechanism that is used to track liabilities and assets of financial institutions such as banks.

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