Interest-Paying Checkable Accounts Offered by Credit Unions Are Called

question 36

Multiple Choice

Interest-paying checkable accounts offered by credit unions are called

• A)NOW accounts.
• B)money market deposit accounts.
• C)share certificates.
• D)share drafts.

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Definitions:

Recoveries

denotes the periods following recessions during which economic activity starts to increase and recover towards previous levels.

Discouraged Workers

Individuals who are not actively seeking work because they believe no jobs are available for them or there are none for which they would qualify.

Unemployed

Refers to individuals who are without a job but are actively seeking work.

Contraction

The downturn of the business cycle, when real GDP is declining.