Which of the following are generally considered to be characteristics of savings deposits? I.Interest bearing. II. No stated maturity. III. Penalty for withdrawal.

The correct answer is A. I and II only. See the full explanation below for the reasoning.

Question

Which of the following are generally considered to be characteristics of savings deposits? I.Interest bearing. II. No stated maturity. III. Penalty for withdrawal.

Options

AI and II only.
BII and III only.
CII and III only.
DI, II, and III.

How the community answered

(17 responses)

A
71% (12)
B
18% (3)
C
6% (1)
D
6% (1)

Community Discussion

No community discussion yet for this question.

Full IIA-CFSA Practice