QUESTION 37
Money market deposit accounts came about in response to what other financial option?
a. NOW accounts
b. NEW accounts
c. Interest-bearing checking accounts
d. Money market mutual funds
QUESTION 38
An unsecured personal loan is an example of a __________ loan.
a. long-term consumer
b. short-term business
c. short-term consumer
d. long-term business
QUESTION 40
Why are US Treasury securities an attractive asset for banks?
a. They offer a high rate of return.
b. They have a short-term to maturity.
c. They have low default risk.
d. They are backed by the global banking system