Which of the Following Is an Interest-Paying Checking Account

question 28

Multiple Choice

Which of the following is an interest-paying checking account?

• A) Certificate of deposit (CD)
• B) Treasury bill
• C) Negotiable order of withdrawal (NOW) account
• D) Series EE U.S. savings bond
• E) Regular checking account

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Definitions:

Insurer

A party that accepts the risk of loss in return for a premium (payment of money) and agrees to compensate the insured against a specified loss.

General Life Insurance

A type of life insurance policy that provides financial protection to the beneficiaries in the event of the policyholder's death, without specifying the cause.

Beneficiary

An individual or entity entitled to receive benefits or assets under a legal instrument, such as a will or insurance policy.

Bilateral Contract

A contract in which both parties make promises.