1. An interest store account (DDA) is a financial balance from which kept assets can be removed...

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1. An interest store account (DDA) is a financial balance from which kept assets can be removed whenever, without early notification.

DDA records can pay interest on the saved assets yet aren't expected to. Financial records and investment accounts are normal kinds of DDAs. How do you think Demand Deposits Works?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 08, 2024 06:24 PM

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1. An interest store account (DDA) is a financial balance from which kept assets can be removed...

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Income Tax Fundamentals 2013

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