Which of the Following Statements Is FALSE

question 79

Multiple Choice

Which of the following statements is FALSE?

• A)Checkable deposits are usually the lowest cost source of bank funds.
• B)Checkable deposits are the primary source of bank funds.
• C)Checkable deposits are payable on demand.
• D)Checkable deposits include NOW accounts.

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Definitions:

Accredit

The process by which an institution or program meets specified standards and is recognized by an official agency.

Certify

To officially recognize someone or something as possessing certain qualifications or meeting specific standards.

Elderly

Individuals who are significantly beyond the average age of retirement, often considered to be ages 65 and older.

Tertiary Health Care

Specialized consultative health care usually for inpatients and on referral from a primary or secondary health professional, involving advanced and complex procedures and treatments.