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:

State Corporation Laws

Regulations established by individual states governing the formation, operation, and dissolution of corporations within their jurisdiction.

Comprehensive Income Items

Components of comprehensive income that represent all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Revaluation Surplus

The increase in value of an asset, over its previously recorded cost, reflected in the financial statements.

Share Premium

The amount received by a company over and above the face value of its shares when issuing them.