Which Type of Deposit Allows Funds to Be Easily Transferred

question 25

Multiple Choice

Which type of deposit allows funds to be easily transferred to a third party?

• A)transaction
• B)time
• C)savings
• D)All of the above are correct.

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Definitions:

Indirect Cost

Expenses not directly linked to the production of goods or services, such as administrative and marketing costs.

Bankruptcy

A legal proceeding for liquidating or reorganizing a business. Also, the transfer of some or all of a firm’s assets to its creditors.

Debt Restrictions

Clauses or covenants in a loan agreement that limit or restrict the borrower's actions to protect the lender’s interests.