A stable and predictable base of deposited funds that is not highly sensitive to movements in market interest rates and tend to remain with the bank is called:
A)TT&L deposits.
B)core deposits.
C)consumer CDs.
D)correspondent deposits.
E)None of the options is correct.

Question

Quizplus · Accepted Answer

Core deposits are the stable and predictable base of deposited funds that tend to remain with the bank and are not highly sensitive to movements in market interest rates. These deposits include checking accounts, savings accounts, and certificates of deposit held by consumers and small to medium-sized businesses. TT&L deposits are deposits made by the US government, correspondent deposits are deposits held by other financial institutions, and consumer CDs are a specific type of deposit.

A Stable and Predictable Base of Deposited Funds That Is