All of the Following Are Time Deposits Except

question 104

Multiple Choice

All of the following are time deposits except

• A) money-market mutual fund shares.
• B) short-term government securities.
• C) an interest-bearing savings account.
• D) a checking account.
• E) certificates of deposit.

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Definitions:

Fair Value

The price that would be received for selling an asset or paid for transferring a liability in an orderly transaction between market participants at the measurement date.

Straight Line Amortization

A method of allocating the cost of an intangible asset evenly over its useful life.

Unrealized Profits

are profits that have been earned but not yet realized through a transaction, such as an increase in value of unsold stocks.

After-Tax Dollar Value

The amount of money left after federal, state, and other governmental taxes have been deducted.