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:

Ethnic Minority Children

Children who belong to racial or ethnic groups that are smaller in number within a particular society or country.

Career Dreams

The aspirations or ambitions a person has regarding their future professional life or career path.

Societal Factors

Elements within a society that influence and shape individual behaviors, values, and social norms, including culture, education, economy, and politics.

Three-dimensional Model

A conceptual framework that analyzes a subject or issue from three distinct but interrelated perspectives or dimensions.