Demand Deposits Are

question 199

Multiple Choice

Demand deposits are:

• A)included in M1 but not in M2.
• B)considered to be a near-money.
• C)included in M1 and in M2.
• D)also called notice deposits.

---

Definitions:

Overhead

The ongoing business expenses not directly attributed to creating a product or service, such as rent, utilities, and administrative costs.

Lowest Terms

The equivalent ratio having the smallest possible integers for its terms.

Division

A mathematical operation where one quantity is divided by another, resulting in a quotient and sometimes a remainder.

Administration Fee

A fee charged by an entity for the management services it provides.