Questions and Answers
What is the main purpose of a cash management account?
To provide services and features of checking, savings, and investment accounts in a single account
Which of the following is NOT a typical feature of a cash management account?
Loan services
Why are cash management accounts typically offered by non-bank financial institutions?
Non-bank institutions have more flexibility in account offerings
How do cash management accounts differ from traditional bank accounts?
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Which of the following is a key similarity between cash management accounts and traditional bank accounts?
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Cash management accounts combine services and features similar to checking, savings, and/or investment accounts in one product. They are typically offered by non-bank financial ______.
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These cash accounts combine services and features similar to checking, savings, and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial ______.
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Cash management accounts are typically offered by non-bank financial ______.
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Cash management accounts combine services and features similar to checking, savings, and/or investment accounts in one ______.
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These cash accounts combine services and features similar to checking, savings, and/or investment accounts in one ______.
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