2. Bank deposits and other liabilities Use the following categorization table to identify transaction and nontransaction accounts. Transaction Account Nontransaction Account Demand Deposits Certificates of Deposit, CD E o Money Market Deposit Accounts Savings, or Passbook Accounts NOW Accounts Why and when were NOW accounts created? In the early 2000s so that households could tap into the rising value of their houses In the 1980s as a way for bank customers to invest in the stock market