A Share Draft Account Is the Credit Union Version of a NOW

question 101

True/False

A share draft account is the credit union version of a NOW account.

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Definitions:

Indexed for Inflation

Adjusted for changes in the purchasing power of money, ensuring values remain consistent over time.

Consumer Price Index

An index that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Food and Beverage

This refers to the industry that encompasses the preparation, distribution, and service of food and drink products.

CPI

An index measuring the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.