NOW accounts are appropriate for people who need to keep substantial amounts of money in a checking account.

Name: NOW accounts are appropriate for people who need to keep substantial amounts of money in a checking account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

NOW accounts (Negotiable Order of Withdrawal) typically offer higher interest rates than traditional checking accounts, making them suitable for individuals with high account balances who want to earn more interest while maintaining liquidity.

NOW Accounts Are Appropriate for People Who Need to Keep