Core deposits consist of all of the following except:
A) demand deposits.
B) NOW accounts.
C) jumbo certificates of deposit.
D) savings accounts.
E) money market demand accounts.

Question

Quizplus · Accepted Answer

Jumbo certificates of deposit are large, negotiable certificates of deposit that are typically issued in amounts greater than $100,000. They are not considered core deposits because they are not deposits made by individuals or small businesses that can be easily withdrawn or transferred. Core deposits, on the other hand, refer to the stable, low-cost funding sources that banks rely on to support their lending activities, including demand deposits, NOW accounts, savings accounts, and money market demand accounts.

Core Deposits Consist of All of the Following Except