Question: A demand deposit (checking account) is known as that because?? it is the only account regulated by the Federal Reserve O funds may be withdrawn

A demand deposit (checking account) is known as that because?? it is the only account regulated by the Federal Reserve O funds may be withdrawn at any time by its owner O depositors can demand a certain rate of interest the Federal Reserve can demand a certain level of these accounts

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!