What Do a Dry Cleaning Service,an Automated Car Wash,and Electric

question 57

Multiple Choice

What do a dry cleaning service,an automated car wash,and electric utilities have in common?

• A) They are all tangible services.
• B) They are all people-based services.
• C) None of them have problems with idle production capacity.
• D) They never use off-peak pricing.
• E) They are all equipment-based services.

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Definitions:

Time Deposits

Money deposited in a financial institution that cannot be withdrawn for a certain term or period of time without incurring penalties.

Large Banks

Financial institutions with a significant amount of total assets, offering a wide range of financial services.

Small Banks

Financial institutions with a smaller asset base and local focus providing banking services to individuals and businesses in their communities.

Primary Reserves

Funds that financial institutions must hold in physical form, such as cash in vaults or deposits with central banks, as a measure of liquidity and financial stability.