Demand Deposits Are Essentially

question 180

Multiple Choice

Demand deposits are essentially

• A)coins and currency.
• B)based on gold deposits with the Fed.
• C)checkable deposits.
• D)not legally required to be available sooner than 30 days after a check is presented to a bank.

---

Definitions:

Period

In finance, it refers to the specific duration of time during which certain transactions or processes are evaluated or financial statements are prepared.

Overhead

The ongoing business expenses not directly attributed to creating a product or service, including rent, utilities, and administrative costs.

Labour Hours

The total number of hours worked by employees within a specific period, often used as a measure of labor productivity.

Department C

A categorization or specific division within a company, organization, or institution, designated with "C".