Money kept in checking accounts and withdrawable on demand forms:
ADeferred deposits
BDeclared deposits
CDetached deposits
DDemand deposits
Answer & Solution
Correct answer: D. Demand deposits
1. The holder can take it out at any time.
2. No notice period applies.
3. Those are demand deposits.
_Source: OpenStax Introduction to Business 2e, Chapter 15, Understanding Money and Financial Institutions._
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