QUESTION 2 The savings plan that is likely to have a set rate of return is a O Money market account Guaranteed investment certificate O Debit card account O Money market fund

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
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Chapter5: Managing Checking And Savings Accounts
Section: Chapter Questions
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QUESTION 2
The savings plan that is likely to have a set rate of return is a
O Money market account
Guaranteed investment certificate
O Debit card account
O Money market fund
QUESTION 3
endorsement is most useful when depositing checks by mail
O Special
O Blank
Restrictive
O Multiple
Transcribed Image Text:QUESTION 2 The savings plan that is likely to have a set rate of return is a O Money market account Guaranteed investment certificate O Debit card account O Money market fund QUESTION 3 endorsement is most useful when depositing checks by mail O Special O Blank Restrictive O Multiple
QUESTION 1
Which of the following is a drawback of a money market fund?
O Low rate of return
O Penalty for early withdrawals
O Not insured
O High minimum balance
Transcribed Image Text:QUESTION 1 Which of the following is a drawback of a money market fund? O Low rate of return O Penalty for early withdrawals O Not insured O High minimum balance
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