Why Are Passbook Savings Generally Less Liquid Than Demand Deposits

Multiple Choice

Why are passbook savings generally less liquid than demand deposits and NOW accounts?

A) They are noncheckable.
B) They usually involve physical presence at the institution for withdrawal.
C) The DI has the legal power to delay payment for as long as one month.
D) They tend to pay higher interest rates than demand deposits and NOW accounts.
E) All of the options.