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Question 7
What is another name for a checking account where the money can be withdrawn at any time by the depositor?
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Answer 1

A demand deposit account is another name for a checking account where the money can be withdrawn at any time by the depositor.

Step-by-step explanation:

Another name for a checking account where the money can be withdrawn at any time by the depositor is demand deposit account. It is called so because the depositor has the right to demand the withdrawal of their funds anytime they want. These accounts usually allow unlimited withdrawals and are commonly used for daily transactions.

Learn more about Checking accounts