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Money kept in checking accounts that can be taken out at any time forms:
ADemand discounts
BDemand documents
CDemand deposits
DDemand dividends
Answer & Solution
Correct answer: C. Demand deposits
1. Depositors may withdraw whenever they wish.
2. No notice period applies.
3. These are demand deposits.
_Source: OpenStax Introduction to Business, Chapter 15, Understanding Money and Financial Institutions._
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