One of the following deposits is not offered by savings and loan associations. Which one?
A) MMDAs
B) NOWs
C) Share drafts
D) Passbook savings
E) All of the above deposits are offered by savings and loans

Question

Quizplus · Accepted Answer

Share drafts are typically offered by credit unions, not savings and loan associations. Savings and loan associations offer various deposit accounts like MMDAs (Money Market Deposit Accounts), NOWs (Negotiable Order of Withdrawal accounts), and passbook savings, but share drafts are more characteristic of credit unions.

One of the Following Deposits Is Not Offered by Savings