The difference between a demand deposit and a NOW account is that
A) checks may not be written against NOW account balances.
B) demand deposits pay no interest.
C) NOW accounts pay no interest.
D) checks may not be written against demand deposit balances.
Correct Answer:
Verified
Q11: The interest rate on interbank loans is
Q12: In banking, the spread refers to the
Q13: Unsecured loans between banks are called
A)federal funds.
B)repurchase
Q14: A checkable deposit that pays no interest
Q15: Which of the following is NOT a
Q17: What is a super-NOW account?
A)A NOW account
Q18: Which of the following things do banks
Q19: A balance sheet
A)is a statement showing an
Q20: For a bank, net worth is equal
Q21: The interest rate on unsecured loans between
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