NOW accounts are different from demand deposits because
A. stores prefer checks from demand deposits rather than NOW accounts.
B. NOW accounts are not insured by the FDIC.
C. NOW accounts pay interest.
D. money in NOW accounts may not be withdrawn from the bank without 30 days prior notice.
Answer:C
NOW accounts are different from demand deposits because
A. stores prefer checks from demand deposits rather than NOW accounts. B. NOW accounts are not insured by the FDIC. C. NOW accounts pay interest. D. money in NOW accounts may not be withdrawn from the bank without 30 days prior notice.