Demand deposits include ________ accounts
A) only checking
B) only savings
C) both checking and savings
D) commercial paper
E) credit card
C
Explanation: C) Checking and savings accounts are a form of demand deposit, funds that can be withdrawn (or demanded) at any time without prior notice.
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Which of the following questions is more likely to be asked by the firm's financial lenders as opposed to the firm's managers or potential investors?
A) How should we finance firm improvements and investments? B) Should we continue to lend money to this firm? C) Should we buy equity in this firm? D) What are the accounts receivable policies for the firm?
Investing in one of which of the following funds will typically give you the least diversification?
A) Growth funds B) Capital appreciation funds C) Equity income funds D) Sector funds