Which of the Following Is Not True of a NOW

question 80

Multiple Choice

Which of the following is not true of a NOW account?

• A) Offered by depository institutions
• B) Pays relatively low interest
• C) Only three checks per month can be written
• D) Requires a minimum balance

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Definitions:

Line-Angle Formula

A simplified representation of organic molecules where lines represent bonds between atoms, and atom junctions or the ends of lines represent carbon atoms.

Skeletal Structure

A simplified organic chemistry diagram showing the bonding arrangement of atoms within a molecule without depicting hydrogen atoms.

Hydrogen Atoms

The simplest and most abundant type of chemical atom in the universe, consisting of one electron bound to a single proton.

Molecule

The smallest unit within a chemical substance that possesses the chemical attributes of the specific element or compound.