Because Checking Accounts Are ________ Liquid for the Depositor Than

question 124

Multiple Choice

Because checking accounts are ________ liquid for the depositor than savings accounts,they earn ________ interest rates.

• A)less;higher
• B)less;lower
• C)more;higher
• D)more;lower

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Definitions:

Indorsed in Blank

A signature on a negotiable instrument, such as a check or promissory note, without specifying a new owner, making it payable to the bearer.

Payable

Refers to an amount of money that is owed and should be paid, typically within a specific time frame.

Assignee

The individual or entity to whom rights or property are legally transferred.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer name either mentioned or implied.