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Question
An account at a bank that carries a fixed maturity date, with a fixed interest rate, and which often carries a penalty for early withdrawal of money is called a:
A. demand deposit.
B. transaction deposit.
C. time deposit.
D. money market mutual deposit.
E. None of the options is correct.
Answer
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Related questions
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A. Loan and lease loss allowance is added to gross loans.
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C. Investment income is added to gross interest received.
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E. Loan and lease loss allowance is subtracted from gross loans and investment income is added to gross interest received.
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