A Saving Account Is Also Known as a Time Deposit

question 43

True/False

A saving account is also known as a time deposit.

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Definitions:

Distinctive

Having a unique quality, characteristic, or feature that distinguishes it from others within a similar category or context.

Dual

Characterized by having two parts, elements, or aspects.

Categorical

A characteristic or description that involves clearly defined divisions or categories, often used in classification and sorting.

Federal Mandates

Directives issued by the federal government requiring states or municipalities to comply with certain regulations or perform specific actions, often tied to federal funding.