What would be your suggestion for the next account John and Maile should open?
The Johnson family is very conservative financially. They have a retirement plan where John works and share a joint checking account at their bank. They keep a lot of money in their checking account to cover short-term needs and emergencies. Both of them want to step up to a higher interest rate than a checking or savings account pays, and at the same time stay with their bank.
A) Series EE bonds
B) Certificates of deposit
C) Money market deposit account
D) Money market mutual funds
E) Both B and C
Answer: E
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A. Wheeler-Lea Amendment B. Clayton Act C. Federal Trade Commission Act D. Magnuson-Moss Act E. Antimerger Act
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