Which type of banking account offers interest rates competitive with those of brokerage firm funds?
A) standard checking account
B) Super-NOW account
C) savings account
D) money market accounts
E) certificates of deposit
Answer: D
Explanation: D) Money market accounts are bank accounts that offer interest rates competitive with those of brokerage firm money market funds, but they require higher minimum balances and limit check writing to as few as three per month.
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What will be an ideal response?
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Answer the following statement true (T) or false (F)