Funds on Deposit in a Savings Account Are Considered Time

question 155

True/False

Funds on deposit in a savings account are considered time deposits rather than demand deposits.

---

Definitions:

Well-Adjusted

Refers to individuals who are capable of coping effectively with the challenges and stress of life, exhibiting emotional stability and adaptive behavior.

Undercontrolled

Describes behavior or individuals who exhibit a low level of self-discipline, often resulting in impulsive actions.

Overcontrolled

Refers to a personality style characterized by inhibited emotional expression, excessive self-control, and a preference for structure and order.

Typological Approach

A method of categorization based on discrete types or classifications, often used in various sciences.