9
QuizMultiple Choice

Other Bank Accounts

Question 9 • Financial Math - MA2007

Identify the following bank account.This account offers a good interest rate, but tends to require a certain minimum deposit. Usually, this account becomes mature in a matter of several months. You can withdraw money from this account before it becomes mature without penalty, but there is a limit to how frequently you can withdraw it.

Answer
A
Savings account
B
Online savings account
C
Money market account
D
Certificate of Deposit
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