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passbook

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
See: ledger


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M1B includes currency in circulation, checking deposit, passbook deposit, and passbook savings deposit, while M2 equals M1B plus time deposit, time savings deposit, and transference from postal deposit.
As nearly anyone will tell you, it becomes obvious after a while that simply putting your money into a passbook savings account is not something that will propel you towards wealth Of course the question that then results, is what will As nearly anyone will tell you, it becomes obvious after a while that simply putting your money into a passbook savings account is not something that will propel you towards wealth.
Byline: John Husband SAVERS who insist on traditional passbook accounts could be missing out on many of the best deals on offer.
 
 
 
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