a how do checkable deposits differ from demand deposits? Only demand deposits ca

Question

a

how do checkable deposits differ from demand deposits?

Only demand deposits can be utilized as a medium of exchange.

B.

Demand deposits are those transactions accounts against which an unlimited number of checks can ordinarily be written. Checkable deposits often carry restrictions on transferability.

C.

Only checkable deposits can be utilized as a medium of exchange.

D.

Demand deposits are those transactions accounts against which a limited number of checks can ordinarily be written. Checkable deposits carry no restrictions on transferability.

Explanation / Answer

B.

Demand deposits are those transactions accounts against which an unlimited number of checks can ordinarily be written. Checkable deposits often carry restrictions on transferability.

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