Which of the Following Statements About Cash Management Accounts (CMAs)are

question 27

Multiple Choice

Which of the following statements about cash management accounts (CMAs) are true?

• A) The cash management account was developed in 1977 by Merrill Lynch.
• B) The advantage of brokerage-based cash management accounts is that they make it easier to buy and sell securities.
• C) As a result of CMAs, the distinction between banking activities and the activities of nonbank financial institutions has become more clearly defined.
• D) All of the above are true.
• E) Only A and B of the above are true.

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Definitions:

Crystallized Intelligence

The ability to use learned knowledge and experience, as opposed to the ability to think and solve problems in novel situations.

Fluid Intelligence

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.

Aging

The process of becoming older, which is characterized by a gradual decline in physiological function and an increased susceptibility to diseases.

Basic Intelligence

Basic intelligence refers to the fundamental cognitive abilities, including memory, reasoning, and problem-solving, that underpin more complex intellectual tasks.