A Demand Deposit Is the Technical Name for a Checking

question 92

True/False

A demand deposit is the technical name for a checking account.

---

Definitions:

Segment Margin

The amount of profit or loss generated by a particular segment of a business, after accounting for the direct and allocable expenses of that segment.

Annual Financial Advantage

The financial gain or benefit calculated on a yearly basis, considering all income and savings against expenses and costs.

Outside Supplier

An external entity that provides goods or services to a company, not part of the company's internal operations.

Financial Advantage

The benefit gained in financial terms, often as a result of strategic decisions, investments, or operational efficiencies.