Question: How do checkable deposits differ from demand deposits? O A. Demand deposits are those transactions accounts against which a limited number of checks can
How do checkable deposits differ from demand deposits? O A. Demand deposits are those transactions accounts against which a limited number of checks can ordinarily be written. Checkable deposits carry no restrictions on transferability. OB. Only demand deposits can be utilized as a medium of exchange. OC. Only checkable deposits can be utilized as a medium of exchange. O D. Demand deposits are those transactions accounts against which an unlimited number of checks can ordinarily be written. Checkable deposits often carry restrictions on transferability.
Step by Step Solution
3.43 Rating (153 Votes )
There are 3 Steps involved in it
The question is asking how checkable deposits differ from demand deposits Here are the options provided A Demand deposits are those transactions accou... View full answer
Get step-by-step solutions from verified subject matter experts
