personal demand and notice deposits at chartered banks ($8,000) + fixed - term deposits ($2,000) + foreign…

personal demand and notice deposits at chartered banks ($8,000) + fixed - term deposits ($2,000) + foreign currency deposits of residents at chartered banks ($7,000) + non - personal term deposits at chartered banks ($9,000) = $34,000\nquestion 28 (1 point)\nnon - personal term deposits at chartered banks are part of m3. who holds these non - personal term deposits?
Answer
Brief Explanations:
Non - personal term deposits at chartered banks are typically held by businesses, corporations, government entities, and other non - individual organizations. These entities deposit funds for a fixed term to earn interest and manage their financial resources.
Answer:
Businesses, corporations, government entities, and other non - individual organizations.