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 option that describes a bank savings account is:
An account giving 0.05% interest with no other limitations.
This option accurately reflects the nature of a typical savings account, which usually provides interest on deposited funds without requiring a fixed term like a certificate of deposit. The other options describe different financial products or investment vehicles.
9 answers
19 answers
11 answers
1 answer