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Demand deposit: Quiz


Question 1: Traditionally, demand deposits only referred to funds held in ________ (or cheque accounts), however, financial innovation has allowed easier access to funds from other types of accounts (e.g.
BankTransactional accountAutomated teller machineDebit card

Question 2: Demand deposits are usually considered part of the ________, as they can be used as a means of payment for goods and services and to settle debts, by means of checks and drafts.
Money supplyMoney marketFractional-reserve bankingCentral bank

Question 3: Economists have speculated that this effect contributed to the severity of the ________.
United StatesGreat DepressionRepublican Party (United States)Federal Reserve System

Question 4: A demand deposit or bank money refers to the funds held in demand deposit accounts in ________.
Investment bankingMerchant bankCommercial bankIslamic banking

Question 5: [1] These account balances are considered ________ and usually form the greater part of money supply.
Economic historyMoneyMicroeconomicsEconomics


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