A savings deposit is distinguishable from a time deposit in that,with a savings deposit,
A)funds may be withdrawn before the due date only if you pay a penalty.
B)funds may be withdrawn at any time without payment of a penalty.
C)funds are not protected against a loss in their nominal value.
D)funds are not counted in the calculated of M2+.

Question

Quizplus · Accepted Answer

A savings deposit allows for funds to be withdrawn at any time without penalty or restriction. Time deposits, on the other hand, have a fixed term and require a penalty for early withdrawal.

A Savings Deposit Is Distinguishable from a Time Deposit in That,with