Question
Another name for a demand deposit is a:
a. savings account.
b. payroll check.
c. checking account.
d. time deposit.
a. savings account.
b. payroll check.
c. checking account.
d. time deposit.
Answers
GPT-4o mini
The correct answer is: c. checking account.
A demand deposit refers to funds held in an account from which withdrawals can be made on demand, typically associated with checking accounts.
A demand deposit refers to funds held in an account from which withdrawals can be made on demand, typically associated with checking accounts.