The main advantage of savings accounts is they enable depositors to store funds and earn interest.
Correct Answer:
Verified
Q4: Bank accounts are capital stable investments.
Q5: 'The majors' are the four largest Australian-owned
Q6: Term deposits are illiquid because the funds
Q7: An NCD is a wholesale-sized deposit that
Q8: A $1000 deposit at 5% p.a.with daily
Q10: 'The majors' are retail banks only and
Q11: Intermediation implies that banks only earn net
Q12: The main way that banks borrow from
Q13: Banks have increased their reliance on funding
Q14: Since the GFC banks have viewed deposits
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents