The difference between a demand deposit and a NOW account is that
A) checks may not be written against NOW account balances.
B) demand deposits pay no interest.
C) NOW accounts pay no interest.
D) checks may not be written against demand deposit balances.
B
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An important difference between tariffs and quotas is that tariffs
A) raise the price of the good. B) generate tax revenue for the government. C) stimulate international trade. D) help domestic producers. E) are paid by foreign producers.
The tradeoff between inflation and unemployment
a. implies that policies designed to reduce unemployment also reduce inflation. b. was eliminated by improved economic policies in the 1900s. c. is a long-run tradeoff, persisting for decades, according to most economists. d. None of the above are correct.
Supply-side economists argue that changes in tax rates cause changes in
A. tax revenues. B. labor supply. C. the full-employment level of output. D. all of these.
Those that lose from the imposition of rent control are
A. all tenants. B. those tenants who lose their apartments. C. taxpayers. D. tenants who pay lower rent.