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Please answer all questions in 60+ words. 1 (a). What is a demand deposit? What are the different forms? (b). Why are time deposits different
Please answer all questions in 60+ words. 1 (a). What is a demand deposit? What are the different forms? (b). Why are time deposits different than demand deposits? What are some time deposits? (c). How is interest calculated on interest bearing accounts? Is it different for different types of accounts? Why or why not? (d). What is the fine print a bank must provide to a depositor?
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