The Creation of Savings Plans Such as Savings Deposits and Money

question 57

Multiple Choice

The creation of savings plans such as savings deposits and money market mutual accounts that allow easy transfer of funds between interest-earning assets and checkable deposits tends to

• A) lower the cost of holding money.
• B) reduce the demand for money.
• C) increase the demand for money.
• D) increase the risk of holding money.

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Definitions:

Extraverts

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Personality Research

The study of how individual differences in behavior, emotions, and thinking patterns arise and their effects on life.

Big Five

A theory identifying five fundamental personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism, used to describe human personality comprehensively.

Personality Traits

Enduring characteristics and behaviors that distinguish one individual from another.