Question

what are checkable deposits? multiple choice question. claims that depositors have against the assets of the bank claims that the bank has against the assets of fed claims that banks have against the assets of depositors claims that the fed has against the assets of the bank

Answer 1

Checkable deposit claims that depositors have against the assets of the bank. Thus, option 'A' is the correct option.

What are Checkable Deposits?

Any demand deposit account for which checks or drafts of any sort may be drawn is referred to as having checkable deposits in the technical sense. (The owner of a demand deposit account has the right to immediately, notice fewer withdrawals of funds.) The most liquid accounts available to consumers are checkable deposit accounts.

They also include any sort of negotiable draft, such as a Super NOW account or a negotiable order of withdrawal (NOW). (Withdrawing funds from NOW accounts may be subject to a seven-day written notification requirement, however, this is seldom necessary.)

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