ashleyhdez2958 ashleyhdez2958

Today at 2:14 PM
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Answered

True or False: An interest-bearing account is an account that generates interest income on the available balance in the account. → False

Answer :

hyderali230 hyderali230

Today at 2:19 PM

Answer:

False

Explanation:

Interest Bearing Account is an account which generates interest income over a specified period of time. Certificate of Deposit is an example for the interest bearing account. So, simply saying that An interest-bearing account is an account that generates interest income on the available balance in the account is wrong.

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