Which of the following are checkable deposits?

Question

Quizplus · Accepted Answer

Negotiable order of withdrawal (NOW) accounts are checkable deposits, as they allow individuals to write checks against their account balance. Savings accounts and certificates of deposit are not typically considered checkable deposits, as there may be limitations on the number of withdrawals or transfers that can be made. Small-denomination time deposits, also known as CDs, are also not checkable deposits, as they involve a fixed term and usually restrict withdrawals before maturity.

Which of the Following Are Checkable Deposits