Kimberly has opened an account in Northwater City Bank. She receives a 3.5 percent interest rate on the money she deposits in her account. She does not use the funds from the account to meet her minor expenditures but only uses them when there is any major expenditure. In the context of this scenario, which of the following kinds of bank accounts does Kimberly hold?
A. A concentration account
B. A basic checking account
C. A fixed deposit account
D. A savings account
Answer: D
You might also like to view...
The most obvious contribution of President Jimmy Carter to U.S. governmental policies was that of
A) anti-communism. B) consideration of human rights in American foreign policy. C) a balanced budget. D) a Christian Crusade. E) fighting against terrorism.
How did the repeal of prohibition help the economy?
A) It saved the cost of enforcement. B) It improved public morale. C) It provided additional tax revenue. D) It opened up new export markets.
The Umayyad dynasty began with the assassination of Ali in 661 followed by the reign of the caliph
a. Ali. b. Fatima. c. Abu Bakr. d. Muawiya. e. Umar.
In 1832, Henry Clay sought to use the debate over the Bank of the United States primarily to
A. help his reelection to the Senate. B. boost his presidential candidacy. C. promote his "American System." D. exact revenge on Nicholas Biddle for a perceived slight. E. politically embarrass President Jackson.