Which of the Following Accounts Does Not Allow Checks (At

question 62

Multiple Choice

Which of the following accounts does not allow checks (at least a limited amount) to be written?

• A)NOW accounts
• B)money market deposit accounts (MMDAs)
• C)retail CDs
• D)all of the above allow checks to be written

---

Definitions:

Casino Credit

A line of credit extended by a casino to a patron, allowing them to gamble without using cash.

Bad Checks

Checks that cannot be processed because the account on which they were drawn lacks sufficient funds, leading to legal and financial consequences for the issuer.

Oral Negotiable Instrument

A verbal agreement that is intended to have the same enforceability as a written negotiable instrument, though legally this is often not recognized.

Special Conditions

Specific provisions or clauses added to a contract or agreement that must be met in addition to the general terms.