Multiple Select QuestionSelect all that applyWhat are two characteristics of money market accounts?Multiple select question.Limited number of checks can be written per monthEarn a slightly higher interest rateTime restriction on the withdrawal of fundsFewer restrictions than a regular checking account

Multiple Select QuestionSelect all that applyWhich of the following are components of M1?Multiple select question.Savings deposits including money market deposit accountsAll demand (chequable) depositsMoney market mutual fundsCurrency in the hands of the public

Multiple Choice QuestionWhich statement accurately describes a money market account?Multiple choice question.Also known as time deposit, fixed interest rate over a specified period of timeInterest bearing, more restrictions than traditional checking account, only a limited number of checks per monthInterest bearing, also called a demand deposit, funds cannot be withdrawn with prior noticeSavings account, guarantees set interest rate, fixed interval of time

Multiple Select QuestionSelect all that applyWhich two statements are true about commercial banks?Multiple select question.They are the largest of all financial institutionsTheir main source of funds comes from checking and savings accountsThey are owned and controlled by depositorsTheir loans tend to be small in order to retain a large percentage of their deposits

Multiple Choice QuestionSavings accounts are also known as ______.Multiple choice question.time depositsdemand depositsmoney market accountsNOW accounts

Multiple Select QuestionSelect all that applyBusinesses are most likely to spend borrowed loanable funds on which of the following?Multiple select question.WagesWarehousesMachinerySecurities