A ________ is an account that pays interest and allows you to write an unlimited number of checks, but you have to maintain a minimum monthly balance.
A) checking account
B) savings account
C) NOW account
D) money market account
E) certificate of deposit

Question

Quizplus · Accepted Answer

A NOW (Negotiable Order of Withdrawal) account is a type of account that pays interest and allows for an unlimited number of checks to be written against the balance, but typically requires a minimum balance to be maintained.

A ________ Is an Account That Pays Interest and Allows