Which of the Following Statements Are True

question 48

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) Demand deposits are checkable deposits that pay interest.

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Definitions:

Pencil and Paper

Traditional, manual method of writing, drawing, or calculating, often used for tests, sketches, or notes.

Civil Rights Act

A landmark piece of legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin, primarily known for its impact on ending segregation in public places and banning employment discrimination.

Equal Employment Opportunity (EEO)

A principle that ensures individuals have equal opportunity for employment and advancement without discrimination based on characteristics like race, gender, age, or religion.

Americans with Disabilities Act (ADA)

U.S. legislation that prohibits discrimination against individuals with disabilities in all areas of public life.