A Traditional Savings Account with Transactions and Balances Evidenced by the Entries

question 26

Multiple Choice

A traditional savings account with transactions and balances evidenced by the entries recorded in a booklet kept by the customer is called:

• A)passbook savings account.
• B)statement savings plan.
• C)negotiable order of withdrawal.
• D)money market mutual fund.
• E)None of the options is correct.