Primary Deposits Are Deposits That Add New Reserves to a Bank

question 132

True/False

Primary deposits are deposits that add new reserves to a bank while obtuse secondary deposits are deposits that were borrowed from the reserves of primary deposits.

---

Definitions:

Deductible

The amount a person must pay out-of-pocket before an insurance company will cover the remaining costs of a claim.

Annual Payment

A payment made once a year, often related to financial agreements such as salaries, annuities, or subscription services.

Insurance Policy

A contract between an individual or entity and an insurance company, detailing the terms for the payment of claims in the case of loss or damage.

Balance Billing

Billing a patient for the difference between a higher usual fee and a lower allowed charge.