Time deposits are often called
A) demand deposits
B) share-draft accounts
C) certificates of deposit
D) money market accounts

Name: Time deposits are often called A) demand deposits B) share-draft accounts C) certificates of deposit D) money market accounts
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Question

Quizplus · Accepted Answer

Time deposits are specifically known as certificates of deposit (CDs), where money is deposited for a fixed period and cannot be withdrawn without penalty before the term ends.

Time Deposits Are Often Called