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Questions and Answers
Which of the following savings tools is the least liquid?
Which of the following savings tools is the least liquid?
- Checking Accounts
- Savings Accounts
- Certificate of Deposit (correct)
- Money Market Accounts
Which type of account typically offers the highest interest rates?
Which type of account typically offers the highest interest rates?
- Certificate of Deposit (correct)
- Savings Accounts
- Money Market Accounts
- Checking Accounts
What are the requirements to obtain higher interest rates in some high-yield checking accounts?
What are the requirements to obtain higher interest rates in some high-yield checking accounts?
- Maintaining a minimum balance
- Making frequent debit card transactions
- Setting up direct deposit or bill pay
- All of the above (correct)
Which type of account is the most liquid?
Which type of account is the most liquid?
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Which type of account offers the highest interest rate?
Which type of account offers the highest interest rate?
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Is there a relationship between liquidity and interest rate?
Is there a relationship between liquidity and interest rate?
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Which type of account typically pays a higher interest rate than a checking account?
Which type of account typically pays a higher interest rate than a checking account?
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What is the main difference between a savings account and a checking account?
What is the main difference between a savings account and a checking account?
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Which account type offers limited checking account services and higher interest rates than standard savings accounts?
Which account type offers limited checking account services and higher interest rates than standard savings accounts?
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What is a key feature of a certificate of deposit (CD)?
What is a key feature of a certificate of deposit (CD)?
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