Multiple Choice
Funds invested in a _____ should not be withdrawn for a stated period in order to avoid an interest penalty.
A) savings account
B) U.S. Treasury bill
C) checking account
D) negotiable order of withdrawal (NOW) account
E) certificate of deposit
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q9: Your savings will grow faster with monthly
Q18: Visa and MasterCard issue debit cards linked
Q57: You are going on an overseas trip,
Q71: Alice lost her EFTS card and reported
Q73: Kate tends to issue checks quite often
Q74: Christina's bank allows her employer to directly
Q75: A lump-sum deposit of $8,000 left in
Q76: The least expensive method for banks to
Q79: It costs financial institutions more if their
Q81: Macie has $25 in her checking account