Back to Assignment Attempts: Keep the Highest: 12 1. Definitions and history of money Select the correct term for each of the following definitions. Definition An nterest earning account of a commercial bank or thrin institution, that requires a minimum balance and offers limited check-writing privileges Money market deposit account An interest-earning deposit with a specified maturity date Money market deposit account An interest-earing account at a commercial bank of the institution, from which funds can be withdrawn at anytime without a penalty payment Money market deposit account Which of the following are true of a barter economy? Check all that apply. Savings deposit Time deposit Money evolved out of a barter economy as traders sought to make trading easier. The transaction costs of exchanges are lower in a barter economy than in a money economy, Average living standards can be expected to be lower in a barter economy than in a money economy