What Is the Major Distinction Between NOW Accounts and Traditional

question 135

Multiple Choice

What is the major distinction between NOW accounts and traditional demand deposits?

• A)Minimum account balance requirement to earn interest for NOW accounts.
• B)Zero explicit interest on NOW accounts.
• C)Noncheckable nature of NOW accounts.
• D)NOW accounts usually involve physical presence at the institution for withdrawal.
• E)Legal power to delay payment on NOW accounts.

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