Joe Barnes opened up an account at Community Credit Union. He is allowed to write checks and earns interest as long as he keeps his account balance above $2,000. In all likelihood, he opened a
A) certificate of deposit.
B) savings account.
C) mutual bank account.
D) NOW account.
E) certified account.

Question

Quizplus · Accepted Answer

A NOW (Negotiable Order of Withdrawal) account allows the holder to write checks against the account balance and earn interest, typically requiring a minimum balance, which aligns with the description given.

Joe Barnes Opened Up an Account at Community Credit Union