Checking accounts with unlimited check-writing and pay interest are known as:
A) demand deposit accounts.
B) money market deposit accounts.
C) NOW accounts.
D) certificates of deposit.
E) time deposits.

Question

Quizplus · Accepted Answer

NOW accounts (Negotiable Order of Withdrawal) are checking accounts that pay interest and have no limit on check-writing. They are similar to traditional checking accounts, but offer a higher interest rate.

Checking Accounts with Unlimited Check-Writing and Pay Interest Are Known