A Savings Deposit Is a Type of

question 31

Multiple Choice

A savings deposit is a type of

• A) time deposit that is payable on demand.
• B) time deposit that earns interest and allows the depositor to write checks payable to other persons.
• C) time deposit that does not earn interest but does offer limited check-writing services.
• D) interest-earning account at a bank or thrift institution in which funds can be withdrawn at any time without a penalty payment.
• E) checkable deposit that also pays interest.

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Definitions:

Inability

The state of being unable to perform a task or action due to lack of skill, strength, or capacity.

Rattlesnake

A venomous snake characterized by a segmented rattle at the end of its tail, renowned for its distinct buzzing sound when threatened.

Immobilize

To restrict the movement of a part of the body, often by applying a splint, cast, or brace, to facilitate healing of bones or tissues.

EMS

Emergency Medical Services, a system that provides urgent medical care and transportation to individuals with acute illnesses or injuries.