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Dominik [7]
3 years ago
10

The acronym now, when used by financial institutions, stands for ________ and is a type of interest-bearing checking account.

Business
1 answer:
ololo11 [35]3 years ago
5 0

The answer is negotiable order of withdrawal or short for the acronym NOW. The acronym NOW, when it is used in terms of financial institutions, in stands for Negotiable Order of Withdrawal, it is a type of interest-grossing checking account wherein a patron or customer is allowed to create drafts against cash held on deposit or in short words, the owner of the account can write an unlimited amount of checks for drafts or to be used.

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