Which of the Following Statements About Cash Management Accounts (CMAs)are

question 27

Multiple Choice

Which of the following statements about cash management accounts (CMAs) are true?

• A) The cash management account was developed in 1977 by Merrill Lynch.
• B) The advantage of brokerage-based cash management accounts is that they make it easier to buy and sell securities.
• C) As a result of CMAs, the distinction between banking activities and the activities of nonbank financial institutions has become more clearly defined.
• D) All of the above are true.
• E) Only A and B of the above are true.

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Definitions:

Objective

Something that one's efforts or actions are intended to attain or accomplish; purpose or goal.

Social Interactionist

focuses on understanding society through the study of how individuals interact and interpret their social world.

Applied Sociological Thinking

The use of sociological theories and methods to solve real-world problems and make informed decisions in everyday life.

Chicago School

A school of thought in sociology and criminology that emphasizes the influence of social structures and physical environments on human behavior, originating from sociologists at the University of Chicago in the early 20th century.