The Share of Checkable Deposits in Total Bank Liabilities Has

question 66

Multiple Choice

The share of checkable deposits in total bank liabilities has

• A)expanded moderately over time.
• B)expanded dramatically over time.
• C)shrunk over time.
• D)remained virtually unchanged since 1960.

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Definitions:

Capital Account

A national account that shows the net change in asset ownership for a nation, including assets from financial and physical capital.

Current Account

This term refers to a country's transactions with the rest of the world, including trade in goods and services, earnings on investments, and transfer payments.

Exchange Rate

The value at which one currency can be exchanged for another in the foreign exchange market, affecting international trade and investments.

Pound

The pound is a unit of currency used in the United Kingdom and other territories, symbolized as £.