Which of the following liability products does NOT include transaction privileges?
A)Demand deposit accounts.
B)NOW accounts.
C)Passbook savings accounts.
D)Money market deposit accounts.
E)All of the options have transaction privileges.

Question

Quizplus · Accepted Answer

Passbook savings accounts do not include transaction privileges. Customers must physically go to the bank and present their passbook to withdraw or deposit funds.

Which of the Following Liability Products Does NOT Include Transaction