Which of the Following Is a Four- or Five-Digit Number

question 3

Multiple Choice

Which of the following is a four- or five-digit number assigned to a specific content or mobile service provider, for example, to vote for a television program contestant or donate to a charity?

• A)CSC
• B)TMS
• C)SMS
• D)CMT

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Definitions:

Demand Deposits

Bank account funds that are available on demand without any delay or penalties, like those in checking accounts.

Excess Reserves

The reserves held by a bank in excess of the minimum reserve requirements set by central banking authorities.

Required Reserves

The minimum amount of reserves that banks are required to hold by law, as a safeguard against bank runs.

Demand Deposits

Bank account balances that can be withdrawn on demand without any notice, such as in checking accounts.