The Technical Name for a Savings Account Is a

question 181

Multiple Choice

The technical name for a savings account is a

• A) time deposit.
• B) demand deposit.
• C) deferred account.
• D) retained income account.

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Definitions:

CRM

Customer Relationship Management, a strategy for managing an organization's interactions with current and potential customers, often using data analysis about customers' history with a company to improve business relationships.

GPS

The Global Positioning System, a satellite-based navigation system that allows users to determine their precise location (latitude, longitude, and altitude) anywhere on Earth.

RFID

Radio Frequency Identification, a technology used to automatically identify and track tags attached to objects using electromagnetic fields.

SCM

Supply Chain Management, the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.