Certificates of deposits (CDs) and saving certificates are classified as time deposits.
Correct Answer:
Verified
Q145: Deregulation has allowed banks to shift away
Q146: Smart cards are credit card sized plastic
Q147: A personal chequing account represents demand deposits
Q148: When the money supply is high, the
Q149: The main function of financial institutions is
Q151: Banks are now making a larger proportion
Q152: A chartered bank is a privately owned,
Q153: A banker's acceptance promises that the bank
Q154: Banks are the major source of short-term
Q155: Banks are permitted to own securities dealers.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents