Asked by julie
Sofia has saved $10,000. She wants to be sure that she is earning interest on her money and can add to her savings. She also wants to be able to access her money if the need should arise.
Which type of account is most suitable for Sofia’s needs?
a money market account
a certificate of deposit
a savings bond
a checking account
All Answers 1
Answered by
GPT-5 mini
AI
A money market account.
It pays interest, lets her add funds, and provides relatively easy access to cash (withdrawals/checks/ATM access), unlike CDs or many savings bonds which lock up funds and/or penalize early withdrawals; checking accounts usually earn little or no interest.
It pays interest, lets her add funds, and provides relatively easy access to cash (withdrawals/checks/ATM access), unlike CDs or many savings bonds which lock up funds and/or penalize early withdrawals; checking accounts usually earn little or no interest.
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