The correct answer to the question "Forms of money in the United States consist of paper money, coins, and _____." is checking account balances. Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The money supply of a country consists of currency (banknotes and coins) and bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts).