3. Passbook savings accounts and NOW accounts (part of checkable deposits) are both interest bearing bank deposits,...

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3. Passbook savings accounts and NOWaccounts (part of checkable deposits) are both interest bearingbank deposits, but NOW accounts have checkable privileges andpassbook savings accounts have no checkable privileges. Then whywould anyone have a passbook savings deposit? Provide the economicconcept behind this argument
4. Given the following three sets of bonds:
90 day Commercial Paper (AAArated)
90 day Commercial Paper (BAArated)
90 day Treasury Bills
Rank their interest rates from lowestto highest. Defend your ranking.

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3 A person should have a passbook savings account inspite of it not having a checkable facility Savings accounts pay interest so it helps our money to grow It is beneficial to keep the funds not currently See Answer

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3. Passbook savings accounts and NOWaccounts (part of checkable deposits) are both interest bearingbank deposits, but NOW accounts have checkable privileges andpassbook savings accounts have no checkable privileges. Then whywould anyone have a passbook savings deposit? Provide the economicconcept behind this argument4. Given the following three sets of bonds:90 day Commercial Paper (AAArated)90 day Commercial Paper (BAArated)90 day Treasury BillsRank their interest rates from lowestto highest. Defend your ranking.