Series 6 - Investment Company And Variable Contracts Products Representative Exam
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Which type of account stipulates that a deceased tenant's interest in the account passes to the surviving tenant?
Transfer on death
A
Tenants in common
B
Joint account
C
Joint tenants with rights of survivorship
D
Explanations
A joint tenants with rights of survivorship account allows the surviving tenant(s) to receive the interests of the deceased tenant in the account.