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1) Which of the following is true regarding the transfer of checkable deposits in the U.S....

1) Which of the following is true regarding the transfer of checkable deposits in the U.S. payments mechanism? Select one: A. Checkable deposits can only be transferred by writing a check. B. Electronic funds transfers can no longer be used to transfer checkable deposits. C. A financial intermediary is generally unnecessary when tranferring checkable deposits. D. None of the above.

2)

Which of the following sectors is always a net borrower of funds from the U.S. financial markets?

Select one:

A. The government sector

B. The business sector

C. The household sector

D. None of the above

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Homework Answers

Answer #1

1.

Option D is correct.

None of the above

Explanation:

Checkable deposits are highly liquid deposit accounts opened in any financial institution which are transferable through checks or also through electronic forms also.

2.

Option B is correct.

The business sector

Explanation:

Business sector is the net borrower of funds from the US financial markets. It borrows in the form of debt and equity.

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