An all-in-one account that provides a complete financial services program for a single fee is known as?
Understand the Problem
The question is asking which type of account provides a complete financial services program for a single fee. The possible answers include different types of financial accounts, suggesting a focus on financial literacy.
Answer
An asset management account.
The final answer is an asset management account.
Answer for screen readers
The final answer is an asset management account.
More Information
An asset management account integrates various financial services like investments, savings, and insurance under a single account for a fee.
Tips
A common mistake is confusing it with a cash management account, which is similar but more focused on cash handling.
Sources
- Financial Stewardship Chapter 4 - Quizlet - quizlet.com
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