Question: Compared with time deposits, demand deposits, which one would it be place a greater limit on the number of checks you can write each month.

Compared with time deposits, demand deposits, which one would it be

place a greater limit on the number of checks you can write each month.

require you to leave the funds on deposit for a longer period of time.

allow you to withdraw money at any time.

pay higher rates of interest.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!