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The share of chequable deposits in total bank liabilities has ____.
A) expanded moderately over time
B) expanded dramatically over time
C) shrunk over time
D) remained virtually unchanged since 1960
Answer: C
Diff: 1 Type: MC Page Ref: 294 - 295
Skill: Recall
Objective List: 13.1 Outline a bank's sources and uses of funds
Which of the following statements is false?
A) Chequable deposits are usually the lowest cost source of bank funds.
B) Demand deposits are the primary source of bank funds.
C) Chequable deposits are payable on demand.
D) Chequable deposits include notice deposits.
Answer: B
Diff: 1 Type: MC Page Ref: 294 - 295
Skill: Recall
Objective List: 13.1 Outline a bank's sources and uses of funds
Which of the following statements is true?
A) Chequable deposits are payable on demand.
B) Chequable deposits do not include notice deposits.
C) Chequable deposits are the primary source of bank funds.
D) Chequable deposits are chequable deposits that pay interest.
Answer: A
Diff: 2 Type: MC Page Ref: 294 - 295
Skill: Applied
Objective List: 13.1 Outline a bank's sources and uses of funds
Large-denomination CDs are ____, so that like a bond they can be resold in a ____
market before they mature.
A) nonnegotiable; secondary
B) nonnegotiable; primary
C) negotiable; secondary
D) negotiable; primary
Answer: C
Diff: 2 Type: MC Page Ref: 295
Skill: Recall
Objective List: 13.1 Outline a bank's sources and uses of funds