Match the following terms and definitions over mo A deposit account that pays more interest...

80.2K

Verified Solution

Question

Accounting

image
Match the following terms and definitions over mo A deposit account that pays more interest than a savings account, but it has more restrictions A new type of money - bitcoin for example - that not have a stable value and is not backed by a government entity Also known as a demand deposit, this money can be withdrawn without any advance notice to the bank involved A non-deposit financial institution that offers short-term loans at substantially higher interest rates than at a commercial bank A company that performs banking functions of some sort, yet it isn't regulated by banking regulators The rate of interest that the Federal Reserve charges when it loans money to an individual bank

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students