The Reason Why People Are Putting More Funds in Checking

question 28

Multiple Choice

The reason why people are putting more funds in checking and savings account rather than in time deposits is that

• A)checking and savings account accept fiat money, while time deposits do not.
• B)long-term interest rates have declined in recent years, relative to short term interest rates.
• C)liquidity of money held in checking and savings accounts is less than that of money held in time deposits.
• D)only a few banks accept time deposits, while most banks accept checking and savings accounts.

---

Definitions:

Intellectual Standards

Criteria applied to thinking to ensure clarity, accuracy, precision, relevance, depth, breadth, logic, significance, and fairness.

Slurred Speech

An abnormality in speech articulation characterized by unclear, slow, and difficult to understand words, potentially indicating neurological damage or intoxication.

Right-Sided Weakness

A condition in which the muscles on the right side of the body are less strong than those on the left, often resulting from neurological damage.

Priority

The importance or precedence given to tasks or issues, based on urgency or significance.