Because Checking Accounts Are ________ Liquid for the Depositor Than

question 18

Multiple Choice

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

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

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Definitions:

Equipment

Tools, machinery, or other apparatus necessary for the performance of specific tasks.

Zero-based Budget

A budgeting method that starts from zero each new period, requiring all expenses to be justified for each new period.

Monthly Operating Budget

A financial plan that outlines expected income and expenses for a business over a one-month period, helping to manage resources and achieve financial goals.

Single-use Plan

A specific plan aimed at achieving a particular goal or solving a singular problem, not intended for repeated use.