A checking account that does not pay interest is called a
A)savings account.
B)money-market deposit account.
C)NOW account.
D)demand-deposit account.

Question

Quizplus · Accepted Answer

A checking account that does not pay interest is commonly known as a demand-deposit account. Savings accounts (A) typically pay interest, as do money-market deposit accounts (B) and NOW accounts (C), which are specialized checking accounts that do pay interest.

A Checking Account That Does Not Pay Interest Is Called