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28 August, 04:40

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

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  1. 28 August, 05:05
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    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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