Banks providing depositors with checking accounts that enable them to pay their bills easily is known as
A) liquidity services.
B) asset transformation.
C) risk sharing.
D) transaction costs.

Question

Quizplus · Accepted Answer

Liquidity services refer to the banking services that provide customers with easy access to their funds, allowing them to manage their cash flow efficiently and pay bills without difficulty. Checking accounts are a prime example of this service.

Banks Providing Depositors with Checking Accounts That Enable Them to Pay