Another Name for a Regular Savings Account Is a

question 69

Multiple Choice

Another name for a regular savings account is a

• A) Certificate of deposit.
• B) Checking account.
• C) Money market account.
• D) Money market fund.
• E) Passbook or statement account.

---

Definitions:

Tangible Capital Assets

Physical, long-term assets held for business use and not expected to be converted to cash in the short term, such as buildings and machinery.

Business Enterprises

Organizations engaged in industrial, commercial, or professional activities, aiming to generate profits.

Government Transfers

These are inflows of resources from a government without directly related reciprocal transactions, often in the form of grants or subsidies.

Non-Exchange Revenue

revenue received by an entity through means other than the direct exchange of goods or services, such as grants and donations.