The Portion of Any Demand Deposit That a Customer Keeps

question 2

Multiple Choice

The portion of any demand deposit that a customer keeps as support for its existing or maturing obligations is called

• A) an account receivable.
• B) a bank overdraft.
• C) a compensating balance.
• D) restricted cash.

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Definitions:

Transaction Amount

The total sum of money exchanged in a transaction between a buyer and a seller for goods or services.

Radio Advertising

A form of marketing communication that uses radio broadcasts to promote products or services to listeners over the airwaves.

Television Advertising

A method of marketing communication that uses TV broadcasts to promote products, services, or ideas to a targeted audience.

Initial Value

The initial value is the beginning amount before any adjustments, such as depreciation or appreciation, and serves as a benchmark for measuring change over time.