The share of checkable deposits in total bank liabilities has
A)expanded moderately over time.
B)expanded dramatically over time.
C)shrunk over time.
D)remained virtually unchanged since 1960.

Question

Quizplus · Accepted Answer

The share of checkable deposits in total bank liabilities has shrunk over time. This is because of the growth of other types of deposits such as savings deposits and time deposits, as well as other liabilities such as borrowings from other banks and the issuance of bonds.

The Share of Checkable Deposits in Total Bank Liabilities Has