Question
Since 1982, banks and thrift institutions have
offered a type of savings account that yields a
market rate of interest with a minimum balance
and a limit on transactions. These accounts, which
have no minimum maturity, are known as
Select one:
a. repurchase agreements.
b. money market mutual funds.
c. mutual funds.
d. certificates of deposit.
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Transcribed Image Text

Since 1982, banks and thrift institutions have offered a type of savings account that yields a market rate of interest with a minimum balance and a limit on transactions. These accounts, which have no minimum maturity, are known as Select one: a. repurchase agreements. b. money market mutual funds. c. mutual funds. d. certificates of deposit.

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