Funds Held in Bank Accounts That Can Be Withdrawn by Depositors

question 75

Multiple Choice

Funds held in bank accounts that can be withdrawn by depositors at any time without advance notice are called:

• A) demand deposits.
• B) required reserves.
• C) free funds.
• D) flow funds.

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Definitions:

Credit Clause

This term does not directly correspond to a widely recognized legal or constitutional provision as described, but it might be confused with the Full Faith and Credit Clause, which requires states to respect the public acts, records, and judicial proceedings of other states.

Civil Acts

Laws enacted to guarantee and protect the civil rights of citizens.

Judicial Decisions

Rulings and opinions issued by courts in the legal process, which interpret laws, settle disputes, and establish precedents for future cases.

UN Security Council

One of the six principal organs of the United Nations, responsible for maintaining international peace and security, with the power to make decisions that member states must implement.