Which of the Following Is Not Included in Transactions Accounts

question 117

Multiple Choice

Which of the following is not included in transactions accounts?

• A)A checking account at a commercial bank.
• B)A money market mutual fund.
• C)A credit union share draft.
• D)A demand deposit account at a mutual savings bank.

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Definitions:

Conform to Contract

The requirement that goods or services delivered must meet the specifications and standards agreed upon in a contract.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify the law across states.

Merchants

Businesses or individuals engaged in the trading of goods, services, or commodities for profit.

Reasonable Commercial Standards

A set of accepted, practical criteria that guide business conduct and transactions within a particular industry.