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.

Economics

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Indicate whether the statement is true or false

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In the capital and financial account, the largest category of international transactions is

A) statistical discrepancy. B) net transfers. C) net interest. D) exports and imports. E) foreign investment in the United States.

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Indicate whether the statement is true or false

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Our business cycle experiences suggest that a macroeconomic policy designed to lower the average rate of inflation will require ________ in actual real GDP and an accompanying ________ in the unemployment rate

A) an increase, increase B) an increase, decrease C) a reduction, increase D) a reduction, decrease

Economics