1. Distinguish between a checking account and a savings account. 2. Define and discuss (a) demand deposits, (b) time deposits, (c) interest-paying checking accounts. 3. Briefly describe the key...

1. Distinguish between a checking account and a savings account.

2. Define and discuss (a) demand deposits, (b) time deposits, (c) interest-paying checking accounts.

3. Briefly describe the key characteristics of each of the following forms of interest-paying checking accounts: (a) NOW account, (b) MMDA, and (c) MMMF.