Multiple Choice
Demand deposits are
A) deposits held by individuals at one of the twelve Federal Reserve District Banks.
B) interest-earning savings deposits held by individuals at a banking institution.
C) deposits of commercial banks at one of the twelve Federal Reserve District Banks.
D) deposits of individuals that can either be withdrawn or made payable on demand to a third party by a check.
Correct Answer:
Verified
Correct Answer:
Verified
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