Demand Deposits Are Also Called

question 33

Multiple Choice

Demand deposits are also called:

• A)chequing accounts.
• B)high-powered money.
• C)savings balances.
• D)Bank of Canada notes.

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Definitions:

Major Business Function

Core activities essential for the operation and success of a business, such as marketing, production, and sales.

Outsourcing

The practice of hiring third parties to perform services, handle operations or provide goods that are either difficult to manage or are outside of a business's core competencies.

Benefits Administration

The process and system by which employee benefit programs are designed, implemented, and managed by an organization.

Information Technology Management

Refers to the process of overseeing all matters related to information technology operations and resources within an organization.