Bo Riley pays his rent and utility bills each month by writing checks. Riley is using a demand deposit account.
What is a demand deposit account?
This is the term that is used to refer to the deposit account that allows a person to withdraw money without having to give any prior notice.
Thins type of account is one that are checking accounts. As checking accounts, they may give a person the opportunity that they need to earn money from the deposits that they have made.
Hence the demand deposit account is one allows Riley to pays his rent and utility bills each month by writing checks.
Read more on deposit accounts here: https://brainly.com/question/1385868
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