Which of the Following Statements Is False

question 135

Multiple Choice

Which of the following statements is false?

• A) Checkable deposits are usually the lowest cost source of bank funds.
• B) Checkable deposits are the primary source of bank funds.
• C) Checkable deposits are payable on demand.
• D) Checkable deposits include NOW accounts.

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Definitions:

Real Interest Rate

The interest rate adjusted for inflation, representing the true cost of borrowing or the true yield on an investment.

Depreciating

Depreciating refers to the reduction in the value of an asset over time due to factors such as wear and tear or obsolescence.

Exports

Goods or services produced in one country and sold to customers in other countries, contributing to a nation's economy.

Imports

Goods or services brought into one country from another for the purpose of trade or sale.