Examlex
Which of the following is the correct breakdown of the term hyperventilation into its component parts?
Demand Deposits
Bank accounts that allow the holder to withdraw funds without prior notice, such as checking accounts.
Time Deposits
Savings accounts or certificates of deposit that hold a fixed sum of money for a specified period of time, during which the depositor cannot withdraw the funds without penalty.
Required Reserves
The minimum amount of reserves a bank must hold as mandated by regulatory authorities, based on a percentage of the bank's deposit liabilities.
Demand Deposits
Bank accounts from which money can be withdrawn at any time without any notice to the bank.
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