Which option describes a bank savings account?(1 point) Responses An account giving 0.05% interest with no other limitations An account giving 0.05% interest with no other limitations A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest. A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest. A “basket” of money pooled in by many investors to acquire securities based on the value of cash. A “basket” of money pooled in by many investors to acquire securities based on the value of cash. An investment in stocks. An investment in stocks.
1 answer
The correct option is: An account giving 0.05% interest with no other limitations.