Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits
by

1 Answer

Answer :

demand deposits
by

Related questions

Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : (4) demand deposits Explanation: Demand deposits are funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand ... of account which cannot be accessed for a predetermined period (typically the loan's term).

Deposits which can be withdrawn by a customer without notice is called ________ A. Time Deposits B. Demand Deposits C. Variable Deposits D. Low cost Deposits

Description : Deposits which can be withdrawn by a customer without notice is called ________ A. Time Deposits B. Demand Deposits C. Variable Deposits D. Low cost Deposits

Last Answer : B. Demand Deposits Explanation: A deposit of money that can be withdrawn without prior notice is known as Demand Deposits, Ex:- in a current account.

Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Description : Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Last Answer : D. repayable on demand or after an agreed period as per bank s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a ... every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

Single, childless people, who is the beneficiary/POD payee on your bank account?

Description : Single, childless people, who is the beneficiary/POD payee on your bank account?

Last Answer : Mine are my parents too.

I want to open a student account in an Islamic bank. What is the maximum amount that can be kept here and what is the maximum amount that can be withdrawn ?

Description : I want to open a student account in an Islamic bank. What is the maximum amount that can be kept here and what is the maximum amount that can be withdrawn ?

Last Answer : According to the policy of Islami Bank, student account is maximum (one lakh rupees can be kept) but you can keep whatever you want. Problems can arise if you keep too much money. Cause: They will ... call this number (18259 or 09611018259) or visit any branch of Islami Bank. Islami Bank's web site

Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b) The surviving depositor will have withdraw the excess amount over and above the maximum limit of investment by single depositor. c) If this amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above

Description : Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b ... amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above

Last Answer : d) All the above

What is referred to as "Depository Services"? (1) A new scheme of fixed deposits (2) A method of regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Description : What is referred to as "Depository Services"? (1) A new scheme of fixed deposits (2) A method of regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Last Answer : (3) An agency for safekeeping of securities Explanation: A Central Securities Depository (CSD) is an organization holding securities either in certificated or uncertificated (dematerialized ... : Demat accounts; dematerialization; rematerialization; transfer of securities; and pledge services.

What is referred to as 'Depository Services'? (1) A new scheme of fixed deposits (2) A method for regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Description : What is referred to as 'Depository Services'? (1) A new scheme of fixed deposits (2) A method for regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Last Answer : (3) An agency for safekeeping of securities Explanation: It is a service offered by a securities depository under which the depository maintains book accounts recording the ownership of securities held on behalf of the depository's participants, for eligible securities.

Which term is not related to banking? (1) C.R.R. (2) N .E.E .R. (3) S.L.R. (4) Fixed Deposits

Description : Which term is not related to banking? (1) C.R.R. (2) N .E.E .R. (3) S.L.R. (4) Fixed Deposits

Last Answer : (2) N.E.E.R. Explanation: NEER stands for Nominal Effective Exchange Rate which represents the relative value of a home country's currency compared to the other major currencies being traded (U.S. ... etc.). It also represents the approximate relative price a consumer will pay for an imported good.

Which term is not related to banking ? (1) C.R.R. (2) N.E.E.R. (3) S.L.R. (4) Fixed Deposits

Description : Which term is not related to banking ? (1) C.R.R. (2) N.E.E.R. (3) S.L.R. (4) Fixed Deposits

Last Answer : N.E.E.R.

What is referred to as ‘Depository Services’ ? (1) A new scheme of fixed deposits (2) A method for regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Description : What is referred to as ‘Depository Services’ ? (1) A new scheme of fixed deposits (2) A method for regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Last Answer : An agency for safe-keeping of securities

What is referred to as “Depository Services” ? (1) A new scheme of fixed deposits (2) A method of regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors

Description : What is referred to as “Depository Services” ? (1) A new scheme of fixed deposits (2) A method of regulating stock exchanges (3) An agency for safe-keeping of securities (4) An advisory service to investors 

Last Answer : An agency for safe-keeping of securities

What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : (1) The sum of currency in circulation and the demand deposits in banks Explanation: The four main monetary aggregates of measures of money supply which reflect the state of the monetary sector ... This category of money is considered to be the most readily available for transactions and commerce.

What is “narrow money” ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is narrow money ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : The sum of currency in circulation and the demand deposits in banks

i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Description : i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Last Answer : Correct the underlined word and rewrite the following sentence: i. Accepting deposits is the ... /account holder can overdraw from his account.

What makes 25900year salary as a document processor. He has made the following chart in order to divide his weekly paycheck into his accounts Expense type Account Weekly deposits Essential (Fixed)?

Description : What makes 25900year salary as a document processor. He has made the following chart in order to divide his weekly paycheck into his accounts Expense type Account Weekly deposits Essential (Fixed)?

Last Answer : What is the answer ?

A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.

The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Description : The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Last Answer : Justify the following statement: The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Description : Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Last Answer : © Issue of paper notes.

The safest form of Crossed Cheque is _____ A. Double Crossing B. General Crossing C. Special Crossing D. Account payee crossing E. None of the Above

Description : The safest form of Crossed Cheque is _____ A. Double Crossing B. General Crossing C. Special Crossing D. Account payee crossing E. None of the Above

Last Answer : D. Account payee crossing Explanation: In Account payee crossing the amount will not be paid to anybody over the counter. It will be credited to the account of the payee only. Thus account payee crossing ensures safe transfer of funds.

If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

Description : If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

Last Answer : Answer: B

With reference to a cheque which of the following is the „drawee bank‟ ? A. The bank that collects the cheque B. The payee‘s bank C. The endorser‘s bank D. The bank upon which the cheque is drawn

Description : With reference to a cheque which of the following is the „drawee bank‟ ? A. The bank that collects the cheque B. The payee‘s bank C. The endorser‘s bank D. The bank upon which the cheque is drawn

Last Answer : D. The bank upon which the cheque is drawn Explanation: Drawee is a legal and banking term used to describe the party that has been directed by the depositor to pay a certain sum of money to the person presenting the check or draft. A typical example is if you are cashing a paycheck.

Payment of crossed Indian Postal order will be made a) By cash b) Direct to the payee c) Through PO Saving bank or any of the bank d) All the above

Description : Payment of crossed Indian Postal order will be made a) By cash b) Direct to the payee c) Through PO Saving bank or any of the bank d) All the above

Last Answer : c) Through PO Saving bank or any of the bank

2 or 1 time a week can be withdrawn from any account ?

Description : 2 or 1 time a week can be withdrawn from any account ?

Last Answer : Withdrawals can be made 2 or 1 times .

As of 4/4/01 I show I invested $45,000 in an annuity at 5.75% - Provident Mutual 2. Do I still have that account. If so- value If not when was it withdrawn and by whom Necia A. Black 40 Lennox Ave,Amherst,NY It would have been 51 High Park Blvd?

Description : As of 4/4/01 I show I invested $45,000 in an annuity at 5.75% - Provident Mutual 2. Do I still have that account. If so- value If not when was it withdrawn and by whom Necia A. Black 40 Lennox Ave,Amherst,NY It would have been 51 High Park Blvd?

Last Answer : This is something that only the finincial institute can answer.

What is minimum amount may be withdrawn by a cheque from a cheque saving account? a) Rs 500/- b) Rs 100/- c) Rs 100/- d) Rs 20/

Description : What is minimum amount may be withdrawn by a cheque from a cheque saving account? a) Rs 500/- b) Rs 100/- c) Rs 100/- d) Rs 20/

Last Answer : d) Rs 20/

Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Description : Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Last Answer : Money Market accounts have the advantage of being able to withdraw your money whenever you need it. CD or Certificate of Deposit accounts hold a little bit of a higher interest rate, however you have to ... first one is not risk proof and you can lose money where as second options are fully secured.

A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: (a) 2,000 units (b) 3,000 units (c) 4,000 units (d) 6,000 units

Description : A company makes a single product and incurs fixed costs of Rs. 30,000 per annum. Variable cost per unit is Rs. 5 and each unit sells for Rs. 15. Annual sales demand is 7,000 units. The breakeven point is: (a) 2,000 units (b) 3,000 units (c) 4,000 units (d) 6,000 units

Last Answer : (b) 3,000 units

How do I find fixed cost and total variable cost?

Description : How do I find fixed cost and total variable cost?

Last Answer : answer:I'm trying to answer as a person skilled in math, not economics, so if I use any false premises here due to ignorance of economics, someone please jump in and correct me! Okay, ... about this incorrectly. Really sorry if I'm leading you astray; just answering using my mathematical intuition.

Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Description : Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Last Answer : (1) Variable Cost Explanation: In economics, marginal cost is the change in the total cost that arises when the quantity produced is Incremented by one unit. That is, it is the cost of producing one more ... in the short run. It is only the variable costs that vary with output in the short run.

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Description : If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Last Answer : (1) 20000 Explanation: Breakeven quantity is the number of incremental units that the firm needs to sell to cover the cost of a marketing program or other type of investment. It is given by the formula: BEQ = FC / (P-VC) Where ... per unit = 30/12 = Rs. 2.5 So 20000/ (2.5-1.5) = 20000/1= Rs. 20,000

)If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm - (1) 24 (2) 18 (3) 36 (4) 60

Description : )If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm - (1) 24 (2) 18 (3) 36 (4) 60

Last Answer : (3) 36 Explanation: The standard method of calculating average variable cost is to divide total variable cost by the quantity, illustrated by this equation : Average Variable Cost = Total Variable Cost/ Quantity of ... , Average Total Cost = 45000/2500 = 18 So Average Variable Cost = 54 - 18= 36

Prime cost is equal to - (1) Variable cost plus administrative cost (2) Variable cost plus fixed costs (3) Variable cost only (4) Fixed cost only

Description : Prime cost is equal to - (1) Variable cost plus administrative cost (2) Variable cost plus fixed costs (3) Variable cost only (4) Fixed cost only

Last Answer : (1) Variable cost plus administrative cost Explanation: Prime Cost refers to a business's expenses for the materials and labor it uses in production. Prime cost is a way of measuring the total cost ... the activity of a business. Variable cost is the sum of marginal costs over all units produced.

Which of the following cost curve is never `U' shaped ? (1) Marginal cost curve (2) Average variable cost curve (3) Average fixed cost curve (4) Average cost curve

Description : Which of the following cost curve is never `U' shaped ? (1) Marginal cost curve (2) Average variable cost curve (3) Average fixed cost curve (4) Average cost curve

Last Answer : (3) Average fixed cost curve Explanation: Average fixed cost curve is never 'U' shaped. Since total fixed costs are unchanged as output rises, the average fixed cost curve falls continuously as output is increased.

Why is the law of diminishing marginal returns true? a. specialization and division of labor b. spreading the average fixed cost c. limited capital d. all factors being variable in the long-run

Description : Why is the law of diminishing marginal returns true? a. specialization and division of labor b. spreading the average fixed cost c. limited capital d. all factors being variable in the long-run

Last Answer : c. limited capital

The law of diminishing (marginal) returns states that as more of a variable factor is added to a certain amount of a fixed factor, beyond some point: a. Total physical product begins to fall b. The marginal physical product rises c. The marginal physical product falls d. The average physical product falls

Description : The law of diminishing (marginal) returns states that as more of a variable factor is added to a certain amount of a fixed factor, beyond some point: a. Total physical product begins ... The marginal physical product rises c. The marginal physical product falls d. The average physical product falls

Last Answer : c. The marginal physical product falls

Implicit costs are (a) equal to total fixed costs (b) comprised entirely of variable costs (c) payments for self-employed resources(d) always greater in the short run than in the long run

Description : Implicit costs are (a) equal to total fixed costs (b) comprised entirely of variable costs (c) payments for self-employed resources (d) always greater in the short run than in the long run

Last Answer : (c) payments for self-employed resources

A firm should cease production in the short(a) Price is less than average fixed cost (b) Price is less than average cost (c) Profits are negative (d) Price is less than average variable cost run if

Description : A firm should cease production in the short run if(a) Price is less than average fixed cost (b) Price is less than average cost (c) Profits are negative (d) Price is less than average variable cost

Last Answer : (d) Price is less than average variable cost

Isoquants in Leontief’s input- output model are (a) Variable coefficient (b) Fixed coefficient © Sometimes fixed sometimes variable (d) None of the abov

Description : Isoquants in Leontief’s input- output model are (a) Variable coefficient (b) Fixed coefficient © Sometimes fixed sometimes variable (d) None of the abov

Last Answer : (b) Fixed coefficient

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Description : If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Last Answer : 20000

If the average total cost is Rs. 54, total fixed cost is Rs. 45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm : (1) 24 (2) 18 (3) 36 (4) 60

Description : If the average total cost is Rs. 54, total fixed cost is Rs. 45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm : (1) 24 (2) 18 (3) 36 (4) 60

Last Answer : 36

Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Description : Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost

Last Answer : Variable Cost 

Which of the following cost curve is never ‘U’ shaped ? (1) Marginal cost curve (2) Average variable cost curve (3) Average fixed cost curve (4) Average cost curve

Description : Which of the following cost curve is never ‘U’ shaped ? (1) Marginal cost curve (2) Average variable cost curve (3) Average fixed cost curve (4) Average cost curve

Last Answer : Average fixed cost curve

Prime cost is equal to (1) Variable cost plus administrative cost (2) Variable cost plus fixed costs (3) Variable cost only (4) Fixed cost only

Description : Prime cost is equal to (1) Variable cost plus administrative cost (2) Variable cost plus fixed costs (3) Variable cost only (4) Fixed cost only

Last Answer : Variable cost plus administrative cost

Describe the concept of fixed cost, variable cost and total cost.

Description : Describe the concept of fixed cost, variable cost and total cost.

Last Answer : Total cost  Total cost refers to total expense incurred in reaching a particular level of output, if such total cost is divided by quantity produced average or unit cost is obtained. The ... . Direct material, direct labour, direct expenses, variable overheads are some examples of variable cost.

Witness is not necessary for delivery of a) Regd article addressed to an illiterate addressee b) An insured article received for delivery to a minor c) MO for payment an illiterate payee d) A TMO for payment to a payee without fingers

Description : Witness is not necessary for delivery of a) Regd article addressed to an illiterate addressee b) An insured article received for delivery to a minor c) MO for payment an illiterate payee d) A TMO for payment to a payee without fingers

Last Answer : b) An insured article received for delivery to a minor