Which of the following would be considered a transaction deposit?
A) mutual funds account
B) checking account
C) credit card account
D) 401(k) retirement account

Question

Quizplus · Accepted Answer

A transaction deposit is a type of account that allows for frequent deposits and withdrawals, such as a checking account. Mutual funds, credit cards, and 401(k) accounts are not considered transaction deposits.

Which of the Following Would Be Considered a Transaction Deposit