All of the Following Are Considered Transaction Accounts except

question 38

Multiple Choice

All of the following are considered transaction accounts except:

• A) negotiable orders of withdrawal.
• B) automatic transfer from savings.
• C) demand deposit accounts.
• D) money market deposit accounts.
• E) all of the above are considered transaction accounts.

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Definitions:

Fruits

The mature ovary of a flowering plant, usually containing seeds. Fruits serve as a means for plants to disseminate seeds.

Loam

Soil with roughly equal amounts of sand, silt, and clay.

Silt

Fine-grained soil or sediment with particles smaller than sand and larger than clay, often carried by water and deposited as sediment.