Withdrawing which asset will incur a penalty before a certain period has passed?
A) checkable deposits
B) savings deposits
C) small-time deposits
D) traveler's checks

Question

Quizplus · Accepted Answer

Small-time deposits generally have early withdrawal penalties if the funds are taken out before a certain period of time has passed. This is commonly known as a "CD penalty" or "certificate of deposit penalty."

Withdrawing Which Asset Will Incur a Penalty Before a Certain