____________ accounts are increasingly used to make direct deposits to, and payments from, checkable deposit accounts.
A)single balance
B)money market
C)automatic transfer service (ATS)
D)capital market
E)none of the above

Question

Quizplus · Accepted Answer

Automatic transfer service (ATS) accounts are designed for automatic transfers between accounts, making them ideal for direct deposits and payments from checkable deposit accounts. Single balance accounts are typically used for managing a single investment portfolio, while money market accounts are savings accounts that typically have higher interest rates than traditional savings accounts. Capital market accounts are specialized accounts designed for investing in securities such as stocks and bonds.

____________ Accounts Are Increasingly Used to Make Direct Deposits To