Which of the following observations is true of nontransaction deposits?
A) depositor can use them directly as a means of payment
B) they do not pay any interest
C) depositor cannot directly write checks against them
D) they generally pay lower interest rates than transaction deposits
Correct Answer:
Verified
Q65: A bank may hold secondary reserves, such
Q66: A bank's capital is:
A)the value of all
Q67: A decrease in currency in circulation combined
Q68: Which of the following is included in
Q69: Can bankers create money?
A)No, they do not
Q71: The largest asset item for most banks
Q72: The predominant liability item for most banks
Q73: With the invention of banking, one important
Q74: A gold standard is:
A)a measurement of the
Q75: Which of the following is included in
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