BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a time deposit?
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savings account
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checking account
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money market account
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certificate of deposit
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Explanation:
Detailed explanation-1: -A time deposit account is not the same as a demand deposit account, such as a checking or savings account. With checking and savings accounts, you have the flexibility to take money out of the account “on demand, ” at any time you choose. A money market savings account is another form of demand deposit account.
Detailed explanation-2: -Answer: Cumulative Account is not an type of account.
There is 1 question to complete.