Which is a true statement about money market accounts, checking accounts,
certificates of deposit, and savings accounts?
A. They can all be linked to financial tools for making purchases.
B. They all pay interest on the money you deposit.
C. They can all be used to receive direct deposits.
D. They all provide federal protection for your deposits.

Question

01-10-2021
Business

Answered

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Which is a true statement about money market accounts, checking accounts,
certificates of deposit, and savings accounts?
A. They can all be linked to financial tools for making purchases.
B. They all pay interest on the money you deposit.
C. They can all be used to receive direct deposits.
D. They all provide federal protection for your deposits.

Sagot :

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HafsatMohammed HafsatMohammed · Answer 1 · 2021-10-01T12:55:10-04:00

HafsatMohammed HafsatMohammed

01-10-2021

Answer:

D

Explanation:

yes it help to now how you have deposits and your interest you have on you deposits

Answer Link

gauravsingh23VT gauravsingh23VT · Answer 2 · 2022-05-31T09:00:08-04:00

They all render federal protection for your deposits is a true statement about money market accounts, delaying accounts, certificates of deposit, and savings accounts.

What are money market accounts?

An attention account at a local bank is known as a money market account. Money market accounts, also called as money market deposit accounts.

Money market accounts typically pay a greater interest rate than ordinary savings accounts.

Thus, option D is correct.

For more information about Money market accounts, click here:

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Sagot :

What are money market accounts?

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