Joanne has money in a ________; this requires notice prior to making a withdrawal and cannot be transferred to others by a written cheque.

Question

Quizplus · Accepted Answer

The description given is that of a time deposit account, which requires advance notice before any withdrawal and cannot be transferred to others through a written cheque. It is different from a demand deposit account, which allows immediate withdrawals without prior notice, and from money market funds, which are investment accounts rather than bank accounts. A jar does not represent a bank account at all, while a certified cheque is a type of payment rather than a deposit account.

Joanne Has Money in a ________; This Requires Notice Prior