Every month, Carlos deposits $300 into an interest-bearing account managed by his broker, Megan. Megan pools the funds in Carlos’s account with funds from the accounts of other clients and invests them in short-term securities. Which statement is also true about this situation?
a. This is an example of a savings deposit account.
b. This is an example of a demand deposit account.
c. Carlos is allowed to write checks against his account, within certain limitations.
d. Due to the account type, the funds Carlos has deposited have a low level of liquidity.
c. Carlos is allowed to write checks against his account, within certain limitations.
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If expected future prices rise, this causes the nation's current:
a. Aggregate demand to fall, the average price level to fall, and real GDP to rise. b. Aggregate supply to rise, the average price level to rise, and real GDP to rise. c. Aggregate demand to rise, the average price level to rise, and real GDP to rise. d. Aggregate supply to fall, the average price level to rise, and real GDP to fall. e. Aggregate demand to fall, the average price level to fall, and real GDP to fall.
The recessions associated with the business cycle come at regular intervals
a. True b. False Indicate whether the statement is true or false