Savings accounts and certificates of deposit are commonly referred to as __________ accounts.

Name: Savings accounts and certificates of deposit are commonly referred to as __________ accounts.
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Savings accounts and certificates of deposit are considered nontransaction accounts because, unlike checking accounts, they are not intended for frequent or daily transactions. They are designed for saving money over a period.

Savings Accounts and Certificates of Deposit Are Commonly Referred to as __________