Which Statement Is Incorrect

question 43

Multiple Choice

Which statement is incorrect?

• A) Near money cannot be drawn upon instantaneously but is nonetheless accessible.
• B) Near money includes money market mutual fund accounts with check-writing features.
• C) Near money includes savings accounts.
• D) Near money includes individual stocks and bonds.

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Definitions:

Informative Documents

Documents designed to provide essential information or knowledge about a specific subject, policy, or procedure.

Memo of Transmittal

A document that accompanies a report or other delivered work, summarizing the content and the purpose of the sending.

Formal Tone

A style of communication that is professional, structured, and adheres to conventional grammatical rules, often used in business or academic settings.

Mechanics

The conventions of language that ensure clarity and correctness in writing, including spelling, punctuation, and grammar.