Another name for the money of checking accounts is

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Demand deposits are checking accounts that allow customers to withdraw their funds on demand, meaning at any time. Therefore, the money in checking accounts is sometimes referred to as demand deposits. The other options, such as certificates of deposit and time deposits, refer to different types of savings accounts that involve a specific period of time and restrict the withdrawal of funds. Bank notes refer specifically to paper currency, and near money refers to assets that can be easily converted into cash, but are not themselves actual currency.

Another Name for the Money of Checking Accounts Is