After a Divorce Occurs,the Recovery Period Usually Does Not Start

question 17

Multiple Choice

After a divorce occurs,the recovery period usually does not start for about

• A)3 months after the divorce.
• B)6 months after the divorce.
• C)1 year after the divorce.
• D)1 month for every year of marriage.

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Definitions:

Demand Deposits

Bank account funds that are available on demand without any delay or penalties, like those in checking accounts.

Excess Reserves

The reserves held by a bank in excess of the minimum reserve requirements set by central banking authorities.

Required Reserves

The minimum amount of reserves that banks are required to hold by law, as a safeguard against bank runs.

Demand Deposits

Bank account balances that can be withdrawn on demand without any notice, such as in checking accounts.