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Question 125 - CTFA discussion

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Two people wishing to open a checking account may do so in which one of the following ways:

A.
They can each open individual checking accounts (on which the other cannot write checks)
Answers
A.
They can each open individual checking accounts (on which the other cannot write checks)
B.
They can open a joint account that requires both signatures on all checks
Answers
B.
They can open a joint account that requires both signatures on all checks
C.
They can open joint account that allows either one to write checks (the most common type of joint account)
Answers
C.
They can open joint account that allows either one to write checks (the most common type of joint account)
D.
All of the above
Answers
D.
All of the above
Suggested answer: D
asked 16/09/2024
Lara Umemoto
49 questions
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