Explain each of the following types of deposit accounts: a.demand deposit b.certificate of deposit c.money market demand account

Q: What does the seller’s bank do?

A: A real estate deal in which the seller, rather than a financial institution, manages the mortgage…

Q: Second National Bank is capable of loaning $____________

A: Reserves refer to the amount that commercial banks are required to keep aside from lending to the…

Q: money is a concept has a certain value at a point in time.

A: Money is the concept that money you have in present is worth more than the identical sum in the…

Q: Complete the following table to show the effect of a new deposit on excess and required reserves…

A: A fractional reserve mechanism is used to operate the US financial system. A minimum proportion of…

Q: hy were banks originally created? How has their purpose evolved over time?

A: A bank is a type of financial institution that takes client deposits and lends or invests the money.…

Q: Why banks are best regulated by the markets

A: Banks are the financial institutions that are generally regulated by the central bank.Central bank…

Q: Explain why credit cards are not considered as money.

A:

Q: An advantage that money has over other assets is that it: Answer a. Provides a higher return to the…

A: Money can be termed as a medium of exchange used for the transactional purposes of goods &…

Q: First National Bank Assets Liabilities and Net Worth US Treasury Bonds $450,000 Net Worth $500,000…

A: According to the question, Rob withdraws money from third national bank and checks to a customer who…

Q: What Is a Commercial Bank?

A:

Q: Debit cards are considered as __________ money

A: According to time, place and different circumstances money has evolved itself through many different…

Q: What Is  bank collections?

A: Bank is the financial institution which accepts deposits of public and makes loan to earn profit.

Q: History of money

A: The word money means a medium of material where one can exchange goods and services.

Q: A cash item in the process of collection is a U.S. Treasury bill that has matured, but for which the…

A: A cash item in the process of collection refers to funds that a bank is in the process of collecting…

Q: What are the reasons that young people might decide not to open a bank account?

A: A bank account is a financial account opened and maintained with a bank or financial institution. It…

Q: what are the three main credit bureaus? They should explain how each one works and how they are…

A: This chapter is related to credit bureau. Credit bureau, also known in the US as credit reporting…

Q: The federal deposit insurance corporation(FDIC) does which 3 things? a. Directly manges every bank…

A: The Federal Deposit Insurance Corporation (FDIC) is a federal agency that insures bank deposits.The…

Q: First National Bank Assets Liabilities and Net Worth US Treasury Bonds $450,000 Net Worth $500,000…

A: A National Bank is a commercial bank that is chartered by the federal government of a particular…

Q: Write the main aims of the regulations of the Depository Institution.

A: The depository institutions are the ones that are legally allowed to accept deposits. These include…

Q: Vault cash is included in which of the following measures of the money supply of the United States?…

A: Money supply  refers to the amount of total money that is in circulation in the economy at a…

Q: Describe how a bank creates money. Give examples

A: Money creation, or money issuance, is the interaction by which the money supply of a country, or a…

Q: What are 2-3 products and/or services that have been improved or introduced in recent years by banks…

A: The 2-3 products and/or services that have been improved or introduced in recent years by banks due…

Q: What is the maximum amount of new loans that this bank can make?

A: A bank can give loans to the public only after keeping some reserves out out total demand deposits.…

Q: Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both,…

A: The commodity that is accepted as a medium of exchange in the market is known as money. It is used…