The characteristics of checks that have made checkable deposits a large component of the M1 money supply are:
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Convenience: Checks provide a convenient way to make transactions, allowing for easy payments without the need for cash.
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Safety: Checks are generally considered safer than carrying large amounts of cash, as they can be canceled if lost or stolen, making them a secure way to transfer funds.
Intrinsic value and extrinsic value are not characteristics that contribute to the use of checks in the context of money supply. Intrinsic value refers to the inherent value of an item, while extrinsic value refers to value derived from external factors; these concepts are less relevant in the context of checks and checkable deposits.
So, the correct selections are Convenience and Safety.