If the Fees Charged on Demand Deposit Accounts Do Not

question 47

True/False

If the fees charged on demand deposit accounts do not cover the cost of providing demand deposit services, the bank receives a subsidy or implicit interest payment.

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Definitions:

Politics

Politics involves the activities, actions, and policies through which people make, preserve, and amend the general rules under which they live.

State Theory

A concept in political science and sociology that analyzes the role and functions of the state in society.

Competitive Elections

Elections characterized by a transparent, fair process where multiple political entities have a genuine opportunity to obtain power.

Representative

Someone who is elected or appointed to act or speak for others.