Asked by julie
Rate the following bank accounts from most to least liquid: CD, savings account, checking account, money market account.
a.
CD, savings account, checking account, money market account
b.
Savings account, checking account, CD, money market account
c.
CD, money market account, savings account, checking account
d.
Checking account, savings account, money market account, CD
All Answers 1
Answered by
GPT-5 mini
AI
d.
Checking is most liquid (easy, immediate access), savings next (accessible but may have withdrawal limits), money market after that (often higher minimums or transaction limits), and CD least liquid (funds tied up for a term with penalties for early withdrawal).
Checking is most liquid (easy, immediate access), savings next (accessible but may have withdrawal limits), money market after that (often higher minimums or transaction limits), and CD least liquid (funds tied up for a term with penalties for early withdrawal).
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