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Demand Deposit Account
Demand Deposit Account

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!!! Overview
[{$pagename}] is a [Transaction Account] held at a [Financial Institution] that allows the depositor to withdraw his or her funds from the [Transaction Account] without warning or with less than seven days' notice.
Checking accounts are an example of [{$pagename}].
!! [Federal Reserve]
[{$pagename}] are a key component of the [M1 Money Supply] calculated by the [Federal Reserve].
[Federal Reserve] Regulation Q prohibits [Financial Institution] from paying interest on [{$pagename}]s.
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop