Which of the following statements is true?

Question

Quizplus · Accepted Answer

Chequable deposits are deposits that can be withdrawn or paid out immediately upon demand, usually through the use of checks or electronic transfers. This makes them a preferred source of funding for banks because they can be used to quickly meet customer needs for withdrawals or to make loans. Notice deposits, on the other hand, require advance notice before they can be withdrawn, and thus are not considered chequable deposits. Chequable deposits may or may not pay interest, so option D is not true. Option C is partly true, as chequable deposits are an important source of bank funds, but not necessarily the primary source.

Which of the Following Statements Is True