Time Deposit Mutual Fund Fractional Reserve Banking Money Market Money Market De

ID: 1118662 • Letter: T

Question

Time Deposit Mutual Fund Fractional Reserve Banking Money Market Money Market Deposit Account Definition An interest-earning deposit at a mutual fund company, usually offering limited check-writing privileges A banking arrangement that allows banks to hold reserves equal to only a fraction of their deposit liabilities The sum of bank deposits at the Fed and vault cash Reserves An interest-earning deposit with a specified maturity date An interest-earning deposit at a bank or thrift institution, usually offering limited check-writing privileges

Explanation / Answer

Q.1

Interest-earning deposit at a mutual fund company

Money market mutual fund

Q.2

Banking arrangement that allows banks to hold reserves

Fractional reserve banking

Q.3

Sum of bank deposits at Fed and vault cash

Reserves

Q.4

Interest-earning deposit at with a specified maturity date

Time deposit

Q.5

Interest-earning deposit at a bank or thrift institution

Money market deposit account

Q.1