US Banks Did Not Offer Interest on Checking Accounts Until

question 120

Multiple Choice

U.S. banks did not offer interest on checking accounts until the beginning of the 1980s. Then banking regulations changed, allowing banks to pay interest on checking account funds. As a result, the _____ money _____ and shifted the money demand curve to the _____.

• A) supply of; fell; left
• B) demand for; fell; left
• C) demand for; rose; right
• D) supply of; rose; right

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Definitions:

Characteristics

Features or qualities that serve to identify, describe, or differentiate an individual, group, or thing.

Domesticated Plants

Plants that have been selectively bred and genetically modified by humans over generations to emphasize or introduce desirable traits.

Continuous Variation

Range of small differences in a trait.

Bell-Shaped Curve

A graphical representation of data that depicts a normal distribution, showing how a variable is spread across a population in a shape that resembles a bell.