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    Financial Markets and Institutions Study Set 1
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    Exam 17: Banking and the Management of Financial Institutions
  5. Question
    Owners Cannot Write Checks on Nontransaction Deposits,but the Interest Rate
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Owners Cannot Write Checks on Nontransaction Deposits,but the Interest Rate

Question 85

Question 85

True/False

Owners cannot write checks on nontransaction deposits,but the interest rate paid on these deposits are usually higher than those on checkable deposits.

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