A Savings Account Is Also Known as a Time Deposit

question 86

True/False

A savings account is also known as a time deposit.

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Definitions:

Installation Fee

An Installation Fee is a one-time charge for setting up a service or equipment, commonly applied in telecommunications, utilities, and appliance purchases.

Insulated

Protected with a material that prevents heat, sound, or electricity from escaping or entering.

Square Feet

A measure of area equivalent to a square that is one foot on each side.

Irregularly-shaped

Describing an object or area that lacks a regular or uniform shape.