Which of the Following Would Be Considered a Transaction Deposit

question 228

Multiple Choice

Which of the following would be considered a transaction deposit?

• A)passbook savings account
• B)checking account
• C)credit card account
• D)401(k)retirement account

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Definitions:

Corporate Stock Regulation

Rules and guidelines set by authorities governing the issuance, transfer, and trading of shares of a corporation.

Federal Government

The national government of a federal country that is responsible for areas of governance assigned to it by the constitution, distinct from state or provincial governments.

Bondholder

An individual or entity that holds the debt security issued by companies or governments, entitling them to receive the bond's face value plus interest.

Shareholder

An individual or organization that owns one or more shares of stock in a public or private corporation, thus holding a portion of the company's ownership.