Which of the following liability products does NOT include transaction privileges?
A)Demand deposit accounts.
B)NOW accounts.
C)Passbook savings accounts.
D)Money market deposit accounts.
E)All of the above have transaction privileges.

Question

Quizplus · Accepted Answer

Passbook savings accounts typically do not offer transaction privileges and require the account holder to physically visit the bank to withdraw money or make deposits.

Which of the Following Liability Products Does NOT Include Transaction