Question

23.What are example of an interest-Bearing Non-Transaction Deposit and a Non-Interest Bearing transaction Deposits?（无答案）

CD and Super NOW account

CD and Checking Account

NOW account and Money Market Account

None of the options are correct

Answer 1

Time based deposits such as certificate if deposits are an example of non transaction based deposits as they can't be transferred or withdrawn at a moment's notice.

Non interest bearing transaction account includes a traditional checking account.

Option (B)is a correct answer which States that CD is an example of time based deposits and Checking account is an example of non interest bearing transaction account.

Rest of the options states super now and money market accounts which aren't these types so rest of the statements except (B) are false.

(B) CD and checking account is correct answer.