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Author Question: Which of the following observations is true of nontransaction deposits? a. depositor can use them ... (Read 204 times)

Anajune7

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on: Jun 30, 2018
Which of the following observations is true of nontransaction deposits?
 a. depositor can use them directly as a means of payment
 b. they do not pay any interest
 c. depositor cannot directly write checks against them
 d. they generally pay lower interest rates than transaction deposits

Question 2

The quantity of excess reserves in the banking system and the federal funds rate can serve as short-run operating targets for the FOMC and help it perform the open market operation.
 a. True
  b. False
  Indicate whether the statement is true or false


essyface1

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


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