Which of the Following Is True of Other Checkable Deposits

question 81

Multiple Choice

Which of the following is true of other checkable deposits?

• A)These are checking account deposits at commercial banks and do not pay any interest.
• B)They are accounts at financial institutions that pay interest and give the depositor check-writing privileges.
• C)They comprise solely of demand deposits at mutual savings banks.
• D)They are not included in the M1 money supply.
• E)They are savings deposits that earn interest at savings and loan associations.

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Definitions:

Judicial Review

The power of courts to assess the constitutionality of laws and actions of the executive and legislative branches.

Cost-Effective

Providing the best possible outcome or value for the amount of money spent.

Court Action

A legal proceeding in which a case is brought before a court of law to be adjudicated.

Without Prejudice

A legal term indicating that a communication cannot be used as evidence in court, often used in negotiations to allow for candid discussions.