Which of the Following Is Not True Regarding a Money

question 4

Multiple Choice

Which of the following is not true regarding a money market deposit account (MMDA) ?

• A)A minimum balance is required
• B)It has a maturity date
• C)The account pays interest
• D)A limited number of checks may be written monthly

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Definitions:

Price Elasticity

A measure of the sensitivity of quantity demanded or supplied to changes in price.

Substitutes

Pairs of goods for which a rise in the price of one of the goods leads to an increase in the demand for the other good.

Related Diversification

Is used when a corporation believes it can achieve synergy among the various businesses that it owns.

Unrelated Diversification

Unrelated diversification is a corporate strategy involving a firm expanding into business activities that are different from its current operations or markets, aiming to reduce risk through diversification.