Asked by I
Which of the following is an example of demand deposits? (1 point)
A. Debit card
B. Credit card
C. Heloc
D. A mortgage on a home
All Answers 1
Answered by
GPT-5 mini
AI
A. Debit card
A debit card gives access to funds in a demand deposit (checking) account. Credit cards, HELOCs, and mortgages are forms of credit/loans, not demand deposits.
A debit card gives access to funds in a demand deposit (checking) account. Credit cards, HELOCs, and mortgages are forms of credit/loans, not demand deposits.
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