18-37 NOW Accounts Are Potentially Less Prone to Withdrawal Risk

question 17

True/False

18-37 NOW accounts are potentially less prone to withdrawal risk than demand deposits.

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Definitions:

Montgomery, Alabama

The capital city of Alabama, known for its significant role in the American Civil Rights Movement.

President Eisenhower

Dwight D. Eisenhower, the 34th President of the United States, serving from 1953 to 1961, known for his leadership during World War II and the interstate highway system development.

Brown Decision

Refers to the landmark U.S. Supreme Court decision in Brown v. Board of Education of Topeka (1954), which declared state laws establishing separate public schools for black and white students to be unconstitutional.