US Banks Did Not Offer Interest on Checking Accounts Until

question 310

Multiple Choice

U.S. banks did not offer interest on checking accounts until the beginning of the 1980s. As a result, before the early 1980s:

• A) the opportunity costs of keeping funds in checking accounts was zero.
• B) the opportunity costs of keeping funds in checking accounts was lower.
• C) the opportunity costs of keeping funds in checking accounts was higher.
• D) people kept money under their mattress.

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Definitions:

Nucleotide Excision Repair

A DNA repair mechanism commonly used to repair a damaged segment of DNA caused by the sun’s ultraviolet radiation or by harmful chemicals.

Incorrectly Paired Nucleotides

Mismatches in the base pairing of DNA strands, which can result in mutations or errors in DNA replication and transcription.

DNA Replication

The process by which a cell duplicates its DNA, making two copies that each new cell will receive one when the cell divides.

Parental Strands

Refers to the original strands of DNA or RNA from which new strands are synthesized during replication.