A Non-Transaction Deposit Would Include Each of the Following, Except

question 48

Multiple Choice

A non-transaction deposit would include each of the following, except:

• A) a savings account.
• B) a checking account.
• C) a passbook savings account.
• D) a certificate of deposit.

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Definitions:

Fiscal Year

A one-year period used for financial reporting and budgeting that does not necessarily coincide with the calendar year, varying between organizations.

Times Interest Earned

A ratio measuring a company's ability to meet its interest payments based on its operating income, indicating financial health and creditworthiness.

Tax Rate

The percentage at which an individual or corporation is taxed.

Bonds Payable

Long-term debt securities issued by a corporation or government entity, which must be repaid to investors at a specified maturity date.