Which of the Following Accounts Would Tend to Give You

question 108

Multiple Choice

Which of the following accounts would tend to give you the higher interest combined with ease of access to your funds on a limited basis?

• A) Checking account
• B) MMDA
• C) NOW account
• D) CD

---

Definitions:

Agent

A person or entity authorized to act on behalf of another person or entity in a particular transaction or legal situation.

Apparent Authority

The appearance or assumption of authority based on the actions or statements of the presumed principal, irrespective of whether true authority exists.

Actual Authority

The express and implied powers given to an agent by a principal, allowing the agent to make legally binding decisions.

Principle Of Estoppel

A legal doctrine preventing an individual or entity from making assertions or from going back on their word where actions or declarations have been made that others have relied upon.