Which of the following are deposits at a bank or other financial institution that pay interest but cannot be withdrawn on demand without penalty?

Question

Quizplus · Accepted Answer

Time deposits are deposits that cannot be withdrawn on demand without penalty and pay a higher interest rate than demand deposits. Marketable securities are investments that can be bought and sold on financial markets, while demand deposits are accounts that allow for withdrawals on demand without penalty. Commercial deposits refer to deposits made by businesses, which can be either demand or time deposits.

Which of the Following Are Deposits at a Bank or Other