NOW Accounts Were Developed in Order to

question 43

Multiple Choice

NOW accounts were developed in order to

• A)circumvent Regulation Q.
• B)provide banks with a checkable deposit on which they did not have to pay interest.
• C)provide banks with a liquid, interest-earning asset.
• D)provide banks with a means of earning interest on the funds in their reserve accounts with the Fed.

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Definitions:

Accomplish Something

To successfully complete or achieve a task, goal, or objective.

Expected

Anticipated or considered likely to happen based on current information or trends.

Great Performance

The act of exceeding standard expectations in any activity or job through exceptional skill, effort, or productivity, often celebrated or rewarded in various contexts.

Problem Behavior

Actions or conducts that are socially unacceptable, disruptive, or harmful, often requiring intervention or correction.