A Checking Account That Does Not Pay Interest Is Called

question 105

Multiple Choice

A checking account that does not pay interest is called a

• A)savings account.
• B)money-market deposit account.
• C)NOW account.
• D)demand-deposit account.

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Definitions:

Salient

Essentially rephrasing "Salient Aspects," it refers to the most prominent or important features observed in a given context.

Working Memory

A mental system with restricted capacity, tasked with briefly maintaining information for processing.

Salient Aspects

Features or characteristics that stand out and are most noticeable or important in a particular context.

Novice

A person who is new to the circumstances, work, etc., possessing little experience or skills in a particular field or activity.