18-44 MMDAs Are Considered to Be More Liquid Than Demand

question 93

True/False

18-44 MMDAs are considered to be more liquid than demand deposits and NOW accounts.

---

Definitions:

Journal Entry

A record in the books of accounts that represents a business transaction and its effect on the company's financial position.

Accounts

Financial records of a company's transactions, maintaining detailed information about revenue, expenses, assets, liabilities, and equity.

Dividends Declared

Profits that a company's board of directors has decided to distribute to its shareholders, usually in the form of cash payments or additional shares.

Shareholders' Equity

The remaining value of a company's assets after liabilities are subtracted, which signifies the ownership stake of the shareholders.