Which of the following accounts does not allow checks (at least a limited amount) to be written?

Question

Quizplus · Accepted Answer

Retail CDs (certificates of deposit) do not allow checks to be written. They are time deposits where the money is locked in for a fixed term, typically ranging from a few months to a few years. The account holder cannot withdraw money or write checks without incurring a penalty until the maturity date. NOW accounts and money market deposit accounts (MMDAs) are types of deposit accounts that allow a limited number of checks to be written each month.

Which of the Following Accounts Does Not Allow Checks (At