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  3. Commercial bank deposits, including demand deposits, are subject to immediat

Commercial bank deposits, including demand deposits, are subject to immediat

游客2025-06-20  11
问题     Commercial bank deposits, including demand deposits, are subject to immediate withdrawal during regular banking hours at the request of the depositor with the exception of certain time deposits, discussed in this section. Demand deposits may be withdrawn in the form of currency or coin, or they may be transferred to another account at any commercial bank. Demand deposits at commercial banks can be transferred by bank check and are sometimes called checking accounts. No money interest is paid on demand deposits. Checkable NOW accounts, or share drafts at credit unions, which are available to consumers but not business depositors, pay interest. Technically, they are savings accounts that are accessible by a negotiable order of withdrawal.
    Savings deposits at commercial banks and thrifts can usually be withdrawn as currency or coin, or as a cashier’s check of the bank (a check drawn against the issuing bank) ; they may be trans-fenced into the depositor’s demand deposit account at the same bank, although technically the bank may refuse to withdraw or transfer a savings account for 30 days.
    Time deposit accounts with specified maturities are exceptions to the convention that commercial bank deposits should be convertible to cash on demand. Prior to the date of maturity, the bank may refuse to exchange such a time deposit claim or may impose a penalty fee. The time deposit pays interest, giving it one of the characteristics of other private bonds.
    Consumer or personal time deposits include CDs in denominations of less than $100,000. They are non-negotiable; that is, they cannot be sold and must be returned to the issuing bank by the original purchaser. Until 1976, there were effective ceilings on interest payments. In 1973, consumer CDs were first authorized with ceiling interest yields closer to market interest rates. They were called money market certificates. [br] How do people draw money with a commercial bank against a NOW account?
选项 A、By a bank check.
B、By a demand.
C、By a negotiable order of withdrawal.
D、By a draft.
答案 C
解析 文章第一段最后提到Checkable NOW accounts,… they are savings accounts that are accessible by a negotiable order of withdrawal。NOW accounts的提取只要个人填写一张议付取款单即可。在商业银行里需要进行商洽后，才能取得。所以C选项正确。
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