__________ are deposits that can be exchanged for currency and that are used to make payments through writing a check or making an electronic transfer.
A)contingent claims
B)savings deposits
C)time deposits
D)transactions deposits

Question

Quizplus · Accepted Answer

Transactions deposits are the type of deposits that can be exchanged for currency and used to make payments through writing a check or making an electronic transfer. Contingent claims are financial contracts that are dependent on certain events or circumstances happening. Savings deposits and time deposits are not typically used for making payments in the same way that transactions deposits are.

__________ Are Deposits That Can Be Exchanged for Currency and That