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True or False: An interest-bearing account is an account that generates interest income on the available balance in the account. → False
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True or False: An interest-bearing account is an account that generates interest income on the available balance in the account. → False

User Ohadgk
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1 Answer

1 vote

Answer:

False

Step-by-step explanation:

Interest Bearing Account is an account which generates interest income over a specified period of time. Certificate of Deposit is an example for the interest bearing account. So, simply saying that An interest-bearing account is an account that generates interest income on the available balance in the account is wrong.

User ChristianFigueroa
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