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

A

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

B

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.

C

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.

D

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.

E

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

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