Direct Deposit and Automatic Monthly Payments Are Features of

question 37

Multiple Choice

Direct deposit and automatic monthly payments are features of

• A)savings accounts.
• B)chequing accounts.
• C)electronic banking.
• D)investments.
• E)reserve funds.

---

Definitions:

Dividends Paid

Payments made by a corporation to its shareholder members, distributing a portion of the company’s earnings.

Net New Borrowing

The total amount of new debt a company has taken on minus any debt that has been repaid during a specific period.

Interest Payments

Payments made to a lender by a borrower in return for the use of borrowed money, typically calculated as a percentage of the principal.

Net New Equity

The difference between equity capital a company raises by issuing new shares and the capital it uses to buy back existing shares.