The else Clause Can Only Be Used with an if

question 56

True/False

The else clause can only be used with an if statement.

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Definitions:

Large Withdrawals

Substantial amounts of money taken out from a bank account or investment, which can significantly impact the financial stability of the institution holding the funds.

Checking Deposits

Deposits held in bank accounts from which funds can be withdrawn without notice using checks, debit cards, or electronic transfers.

Loans

Money or items of value provided to a borrower with the expectation of future repayment plus interest.

Federal Funds Market

A financial market that allows banks to borrow and lend excess reserves to one another, usually overnight, at an interest rate called the federal funds rate.