Banks Pay More Interest on Chequing Accounts Than They Do

question 51

True/False

Banks pay more interest on chequing accounts than they do on savings account deposits.

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Definitions:

Drumlin

A commonly teardrop-shaped hill formed when a glacier reshapes glacial deposits.

Roché Moutonnée

A rock formation created by glacial erosion that leaves one side of the rock smooth and polished and the other rugged and plucked.

Esker

A long, narrow, sinuous ridge composed of sediment deposited by a stream flowing within or beneath a glacier.

Kame

A geological feature that consists of an irregularly shaped hill or mound composed of sand, gravel, and till, deposited by a melting glacier.