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CTP · Question #702
CTP Question #702: Real Exam Question with Answer & Explanation
The correct answer is D. Money Market Deposit Account. See the full explanation below for the reasoning.
Question
- (Topic 8) A cash manager is responsible for a small subsidiary that has significant funds but only writes one check per month. Which of the following types of accounts would the cash manager use for this subsidiary?
Options
- ANOW
- BDemand deposit
- CSavings
- DMoney Market Deposit Account
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