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.

Question

Quizplus · Accepted Answer

Passbook savings accounts are typically used for longer-term savings and do not include transaction privileges like withdrawals or transfers. The other options all include some form of transaction privileges.

Which of the Following Liability Products Does NOT Include Transaction