Question
Which statement best compares savings accounts and money market accounts?
(1 point)
Responses
A regular savings account has fewer restrictions on withdrawals than a money market account but at a lower interest rate.
A regular savings account has fewer restrictions on withdrawals than a money market account but at a lower interest rate.
A regular savings account has fewer restrictions on withdrawals than a money market account but at a higher interest rate.
A regular savings account has fewer restrictions on withdrawals than a money market account but at a higher interest rate.
A money market account has fewer restrictions on withdrawals than a regular savings account but at a lower interest rate.
A money market account has fewer restrictions on withdrawals than a regular savings account but at a lower interest rate.
A money market account allows for more withdrawals than a regular savings account but at a higher interest rate.
(1 point)
Responses
A regular savings account has fewer restrictions on withdrawals than a money market account but at a lower interest rate.
A regular savings account has fewer restrictions on withdrawals than a money market account but at a lower interest rate.
A regular savings account has fewer restrictions on withdrawals than a money market account but at a higher interest rate.
A regular savings account has fewer restrictions on withdrawals than a money market account but at a higher interest rate.
A money market account has fewer restrictions on withdrawals than a regular savings account but at a lower interest rate.
A money market account has fewer restrictions on withdrawals than a regular savings account but at a lower interest rate.
A money market account allows for more withdrawals than a regular savings account but at a higher interest rate.
Answers
Answered by
GPT-4o mini
The statement that best compares savings accounts and money market accounts is:
**A regular savings account has fewer restrictions on withdrawals than a money market account but at a lower interest rate.**
This is generally true; savings accounts typically allow more frequent withdrawals but may have lower interest rates compared to money market accounts, which often have restrictions on the number of withdrawals but offer higher interest rates.
**A regular savings account has fewer restrictions on withdrawals than a money market account but at a lower interest rate.**
This is generally true; savings accounts typically allow more frequent withdrawals but may have lower interest rates compared to money market accounts, which often have restrictions on the number of withdrawals but offer higher interest rates.
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