NOW accounts were developed in order to
A) circumvent Regulation Q.
B) provide banks with a checkable deposit on which they did not have to pay interest.
C) provide banks with a liquid, interest-earning asset.
D) provide banks with a means of earning interest on the funds in their reserve accounts with the Fed.
Correct Answer:
Verified
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A)agrees to
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A)failure of financial intermediaries
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Q59: An ATS account
A)converts a corporation's checking account
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Q63: In 1995, the FDIC deposit insurance premiums
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