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Questions and Answers
Which type of deposits are accessible on demand?
Which type of deposits are accessible on demand?
- Time deposits
- Demand deposits (correct)
- Savings accounts
- Chequing accounts
Which type of deposits earn interest for depositors?
Which type of deposits earn interest for depositors?
- Chequing accounts
- Time deposits
- Demand deposits
- Savings accounts (correct)
How does the depository institution earn interest?
How does the depository institution earn interest?
- By offering loans (correct)
- By accepting time deposits
- By charging fees
- By keeping ready cash
Which term describes the concept of being able to buy the same level of goods and services in a foreign country when converting currency?
Which term describes the concept of being able to buy the same level of goods and services in a foreign country when converting currency?
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What is the main purpose of converting the cost of goods and services in one country to another currency?
What is the main purpose of converting the cost of goods and services in one country to another currency?
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Which factor should remain constant for purchasing power parity to hold true?
Which factor should remain constant for purchasing power parity to hold true?
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