Transaction Deposits or checking account; transaction account; Savings Deposits or savings account; Time deposits;Money Market Deposit Accounts.
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Transaction Deposits or checking account; transaction account; Savings Deposits or savings account; Time deposits;Money Market Deposit Accounts.
For each service listed above, describe whether it reflects an asset (use of funds) or a liability (source of funds) for the bank.
What interest rates does the bank offer on its CDs?
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Answer rating: 100% (QA)
1 Transaction Deposits or checking account This is a liability for the bank as it represents funds that the bank has received from the customer and is ... View the full answer
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