IIA
IIA-CFSA · Question #334
The types of accounts that bear interest include savings accounts, negotiable orders of withdrawal (NOW) accounts, and certificates of deposit. These interest bearing accounts are known as:
The correct answer is C. Both A & B. See the full explanation below for the reasoning.
Question
The types of accounts that bear interest include savings accounts, negotiable orders of withdrawal (NOW) accounts, and certificates of deposit. These interest bearing accounts are known as:
Options
- AInterest bearing deposits/accounts
- BTime deposits
- CBoth A & B
- DDue from balances
How the community answered
(36 responses)- A3% (1)
- B11% (4)
- C78% (28)
- D8% (3)
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