A Principal Disadvantage of Conventional Checking Accounts Compared to Money

question 141

Multiple Choice

A principal disadvantage of conventional checking accounts compared to money market mutual funds is that checking accounts

• A)are less liquid.
• B)often do not pay interest.
• C)cannot be used as a store of value.
• D)are not insured by deposit insurance.

Understand the differentiation between express, implied, and quasi-contracts, including how mistakes can impact contract enforceability.

Understand the principles surrounding the enforceability of electronic contracts (e-contracts) under ESIGN and other relevant laws.

Recognize the importance of consideration in contract formation and the effects of mutual misunderstanding or mistake on a contract's validity.

Understand the difference between void and voidable contracts, and the implications of each for the parties involved.

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Definitions:

War Effort

Collective activities and initiatives of a nation or group to support and supply its military forces during times of war.

Henry Luce

An influential American magazine magnate who co-founded Time, Life, Fortune, and Sports Illustrated, shaping much of 20th-century American journalism and public opinion.

Isolationist Policy

A foreign policy stance wherein a country seeks to minimize its involvement in international affairs and focus primarily on its own development.