Demand Deposits Are

question 166

Multiple Choice

Demand deposits are:

• A)debts of chartered banks and other financial institutions.
• B)debts of the Bank of Canada.
• C)credits of the Bank of Canada.
• D)credits of chartered banks and other financial institutions.

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Definitions:

Outside Company

A firm or business that is external or not directly connected to one's own organization.

Equity Method

An accounting technique used by companies to assess the profits earned by their investments in other companies, where the investment is recorded at original cost and adjusted for the investor's share of the investee's profit or loss.

Cash Dividend

A distribution of a company's earnings to shareholders in the form of cash.

Voting Common Stock

Shares that give the shareholder voting rights in corporate decisions, typically involving one vote per share owned.