While Demand Deposits Have About the Same Gross Expenses Per

question 15

Multiple Choice

While demand deposits have about the same gross expenses per dollar of deposit as time deposits do,the _____________ levied against transaction account customers help to lower the net cost of checkable deposits.

• A)higher account opening fees
• B)higher service fees
• C)higher pre-closure fees
• D)lower interest rates
• E)less number of services

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Definitions:

Financial Support

Monetary assistance provided to meet the needs or goals of individuals, organizations, or specific initiatives.

Cultural Insensitivity

A lack of awareness or respect for the differences in cultures or beliefs, leading to behaviors that may be offensive to others.

Deficit Model

A perspective that focuses on what individuals lack in terms of skills, knowledge, or resources, rather than their strengths or potential.

Community Resource

A service, facility, or information that is available to members of a community, often aimed at improving quality of life.