Ask Question
BusinessBusiness
5 June, 22:45

Bo Riley pays his rent and utility bills each month by writing checks. Riley is using a

+4
Answers (2)
  1. 5 June, 23:22
    0
    The answer is:

    b) Demand deposit account.

    Explanation:

    Normally a demand deposit account is defined as a checking account.

    A checking account is a demand deposit, that is, an action that the holder does, such as withdrawing their money in parts or all of it, can be done at any time from the Internet or from ATMs.

    What sets it apart from any other banking product is that it provides another means of payment in addition to debit cards, checks.

    Checks order a bank in which the holder has money to pay a certain sum to another person or company.

    They are normally used in exchange for a service or payment of utility bills, just as Mr. Bo Riley does.
  2. 6 June, 02:14
    0
    Answer: B. demand deposit account

    Explanation:

    A demand deposit account is one that allows the owner to withdraw from it at anytime. It was made for convenience and to ensure that the owners can be able to meet their day to day demands for money.

    An example of this account is a Checking account that allows you to withdraw money by check. This means that the owner can issue checks as a form of payment as they will then be withdrawn against the account. This is what Riley does each month when paying utility bills so this is the account that he has.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Bo Riley pays his rent and utility bills each month by writing checks. Riley is using a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Monroe is reviewing an appellate case for class and must correctly identify the parties to the case. In the case, the original defendant (Franklin) is appealing his conviction by the State of Idaho. In the appeals case, Franklin is known as the:
Answers (1)
As opposed to general-purpose applications which are widely used in nearly every discipline
Answers (1)
If people expect interest rates to rise in the future, how will they change the quantity of money they demand? Explain your answer.
Answers (1)
Terri davis is planning to buy a new car. While on the internet she learned that the car has a base price of $16,007, options that total $2,334, and a $500 destination charge.
Answers (1)
Assume you decide that you would like to open a restaurant in your community. Before taking the plunge, you go to work for a competitor, gleaning as much information as you can about what works and what doesn't. Is this ethical? Why or why not?
Answers (1)
New Questions in Business
Consider a service company that provides carpet cleaning. Classify the cost of the hourly workers who clean carpets for customers. a. Variable b. Direct
Answers (1)
Work telephone numbers for your coworkers would most likely be found using a. directory assistance b. a company directory c. a yellow pages directory d. none of the above
Answers (1)
During January, time tickets show that the factory labor of $7,000 was used as follows: Job 1 $2,300, Job 2 $1,780, Job 3 $1,570, and general factory use $1,350. Prepare a summary journal entry to record factory labor used.
Answers (1)
One widespread trend under way in business today that will affect the goals of the organization you work for is: Select one: a. social intelligence b. new media adaptations c. an increased focus on ethical and socially responsible behavior d.
Answers (1)
A high-profile consulting company chooses its new entry-level employees from a pool of recent college graduates using a five-step interview process.
Answers (1)
Home » Business » Bo Riley pays his rent and utility bills each month by writing checks. Riley is using a
Sign Up Forgot Password?