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Other Checkable Deposits (OCDs)

Question 23

Multiple Choice
Other checkable deposits (OCDs)

Other checkable deposits (OCDs)


A) are accounts at financial institutions that pay interest and give the depositor check-writing privileges.
B) do not include credit union share draft accounts.
C) refer to demand deposits at mutual savings banks only.
D) are not included in the M1 money supply.
E) refer to savings deposits that earn interest at savings and loan associations.

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