Which of the Following Statements Are TRUE

question 37

Multiple Choice

Which of the following statements are TRUE?

• A)Checkable deposits are payable on demand.
• B)Checkable deposits do not include NOW accounts.
• C)Checkable deposits are the primary source of bank funds.
• D)Checkable deposits are assets for the bank.

---

Definitions:

Game

A strategic interaction among players, where each one makes decisions by considering the potential choices and outcomes of others.

Rival

A good whose consumption by one person diminishes the quantity or quality available for consumption by others.

Price Leadership

An informal method that firms in an oligopoly may employ to set the price of their product: One firm (the leader) is the first to announce a change in price, and the other firms (the followers) soon announce identical or similar changes.

Oligopoly

An oligopoly is a market structure characterized by a small number of firms dominating the market, where each firm has significant control over prices and other market factors.