Checkable deposits include
A) both large- and small-denominated time deposits.
B) the deposits held by banks and thrifts on which checks can be written.
C) only the checkable deposits of commercial banks.
D) only the checkable deposits of thrift institutions.

Question

Quizplus · Accepted Answer

Checkable deposits are those deposits that can be easily withdrawn through a check. These deposits are held by banks and thrifts on which checks can be written, which makes option B the correct answer. Option A is incorrect because time deposits are not checkable, and option C and D are both incorrect because they do not encompass all checkable deposits.

Checkable Deposits Include