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The Difference Between Other Checkable Deposits and Demand Deposits Can

Question 54

Multiple Choice

The difference between other checkable deposits and demand deposits can best be described as follows:


A) Checkable deposits are a subset of demand deposits.
B) Demand deposits are checkable deposits that are non-interest-earning.
C) Demand deposits earn interest; checkable deposits do not.
D) Demand deposits are part of M1; checkable deposits are not.

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