18-40 The DI manager can change the pricing on NOW accounts by changing both implicit and explicit interest payments.

Question

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The DI manager has the authority to change the interest payments on NOW accounts, both implicit and explicit. The implicit interest is the interest paid by allocating a portion of the service charge revenue to the account, while explicit interest is the interest rate paid to the account holder.

18-40 the DI Manager Can Change the Pricing on NOW