Checkable Deposits Have Decreased Since the 1970's Mainly Because

question 90

Multiple Choice

Checkable deposits have decreased since the 1970's mainly because:

• A) regulators allowed higher rates to be paid on these accounts and banks found them to be highly unprofitable.
• B) people prefer to use credit cards rather than writing checks.
• C) these deposit accounts offer little or no interest so depositors find them to be expensive.
• D) as banks added fees to these accounts people increased their holdings of currency.

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Definitions:

Lumen

The inside space of a tubular structure, such as a blood vessel or intestine.

Carotid Sinus

A dilated area at the base of the internal carotid artery that contains receptors to help regulate blood pressure.

Baroreceptors

Pressure-sensitive sensory neurons located mainly in the carotid sinus and aortic arch, which help regulate blood pressure.

Aortic Arch

The curved portion at the top of the aorta, which gives rise to the major arteries supplying the head, neck, and upper limbs.