Which of the Following Is True of Other Checkable Deposits

question 33

Multiple Choice

Which of the following is true of other checkable deposits?

• A) They are checking account deposits at commercial banks and do not pay any interest.
• B) They are accounts at financial institutions that pay interest and give the depositor check-writing privileges.
• C) They comprise solely of demand deposits at mutual savings banks.
• D) They are not included in the M1 money supply.
• E) They are savings deposits that earn interest at savings and loan associations.

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Definitions:

Hardware And Software

Refers respectively to the physical components of a computer or computing system and the programs or operating systems used to control and manage the hardware.

-As-A-Service

A suffix used in technology industries to describe the delivery of various services over the internet, emphasizing a subscription-based or on-demand model.

Software Development

The comprehensive process involving planning, coding, testing, and maintaining applications or systems software.

Cloud Computing

The delivery of computing services—including servers, storage, databases, networking, software—over the internet to offer faster innovation, flexible resources, and economies of scale.