Which of the Following Are Deposits at a Bank or Other

question 82

Multiple Choice

Which of the following are deposits at a bank or other financial institution that pay interest but cannot be withdrawn on demand without penalty?

• A) marketable securities
• B) demand deposits
• C) commercial deposits
• D) time deposits

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Definitions:

Commercial Purposes

Activities or transactions conducted with the goal of generating profit or involving the buying and selling of goods and services.

Implied Warranties

Warranties that are not expressly stated but are assumed by law to exist in a sales contract to protect the buyer.

Common Law

A legal system grounded in established precedents and traditions, not on written statutes.

Constructive Eviction

Occurs when a landlord's failure to maintain the leased premises effectively forces the tenant to leave due to uninhabitable conditions.