Checkable deposits,a traditional source of low-cost funds for banks,have declined dramatically in importance,falling from over 60 percent of bank liabilities to less than 10 percent today.

Question

Quizplus · Accepted Answer

This statement is true. Checkable deposits used to be a major source of funding for banks but their importance has decreased significantly over time.

Checkable Deposits,a Traditional Source of Low-Cost Funds for Banks,have Declined