Question

What are the difference classifications for deposit account

Deposit accounts can be classified as _______ accounts, _________ accounts, and ________ accounts.

Answer 1

deposit accounts can be classified as CHECKING accounts, PERSONAL accounts, and TRANSACTION accounts.

Step-by-step explanation:

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Answer 2

Deposits accounts classified as currents accounts, savings accounts and money market accounts.

Step-by-step explanation:

Deposit account is a kind of savings account which allows the person or an individual to deposit or withdrawn the money by the account holder. These transactions are recorded in the banks books and the resultant balance will be reported as a liability for the bank.

The several different kinds of deposit accounts involves money market accounts, current accounts, call deposit accounts, Certificates of deposit (CDs) and savings accounts.