Demand Deposits Are

question 134

Multiple Choice

Demand deposits are:

• A)included in M1.
• B)not included in either M1 or M2.
• C)considered to be a near money.
• D)also called notice deposits.

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Definitions:

Perfection

A legal process that establishes a secured party's interest in the collateral, giving priority over other third-party claims.

Exoneration

The act of being cleared or absolved from blame, responsibility, obligation, or, specifically in legal terms, criminal charges.

Surety

is a guarantee, usually in the form of a bond, where one party guarantees the debts or obligations of another party to a third party.

Surety

A financial guarantee by one party (the surety) to assume responsibility for the debt obligation of a borrower if that borrower defaults.