Which of the Following Observations Is True of Nontransaction Deposits?​

question 39

Multiple Choice

Which of the following observations is true of nontransaction deposits?​

• A)They can be directly used to buy goods and services.
• B)They generally pay lower interest rates than transaction deposits.
• C)Depositors can directly write checks against them.
• D)They satisfy the formal definition of money.
• E)They are available in the form of savings accounts and time deposits.

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Definitions:

Enslaving Africans

The historical practice of capturing, transporting, and forcing African people into slavery, particularly prominent during the transatlantic slave trade era.

Religious Freedom

The right of individuals to practice their religion without government interference, a principle protected in many countries' constitutions.

Protestants

Followers of the Protestant branch of Christianity, which originated in the 16th-century Reformation.

Indian Languages

The languages spoken by the indigenous peoples of the Americas, encompassing a diverse range of language families and isolates with rich linguistic and cultural heritage.