Where is a checking account referred to as a "share draft account"?
A)Commercial bank
B)Credit union
C)Any bank
D)With your spouse

Question

Quizplus · Accepted Answer

"Share draft account" is a term commonly used by credit unions to refer to a checking account. This is because credit unions are member-owned financial institutions and the term "share draft" emphasizes the idea that members hold a share in the credit union and can participate in decision-making.

Where Is a Checking Account Referred to as a "Share