Demand Deposits Include ________ Accounts

question 19

Multiple Choice

Demand deposits include ________ accounts.

• A) only checking
• B) only savings
• C) both checking and savings
• D) commercial paper
• E) credit card

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales activity, such as rent, salaries, and insurance.

Net Income Target

A net income target is a predefined earnings figure that a company aims to achieve within a specific time frame.

Required Sales

The amount of sales a company needs to achieve in order to cover its costs and generate a desired level of profit.

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor costs.