Why Is a Checking Account Also Referred to as a Demand

question 61

Essay

Why is a checking account also referred to as a demand deposit?

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Definitions:

Administered

The act of managing, directing, or applying something, often relating to the execution of policies, drugs, or tests.

Test Reliability

The degree to which the results of a test are consistent over time and an accurate reflection of the variable being measured.

Correlation Coefficient

A statistical measure that describes the size and direction of a relationship between two or more variables, typically on a scale from -1 to 1.

Measures

Quantitative or qualitative tools and techniques used to assess or quantify variables of interest in various fields, including psychology.