Question

which of these options for saving money offers the most liquidity? A. A piggy bank B. A savings bond C. A money market account D. A basic savings account

Answer 1

Answer:

A basic savings account - D.

Answer 2

A basic savings account is for saving money offers the most liquidity. Hence, option D is correct.

What is a saving account?

A savings account is a simple and secure method of making bank deposits. It ensures safety and ongoing access to the funds. A person has the choice to withdraw your money physically or online at any time. Regular deposit, money market, and CDs are the three most popular forms of savings accounts. Regarding accessibility and level of interest, each one functions slightly differently.

Some benefits of saving account are-

• Interest accrues on savings accounts.

• Savings accounts are simple to set up and use.

• Transaction thresholds for savings accounts may exist with the bank.

• Saving through savings accounts is safe.

• In some institutions, savings accounts are subject to fees.

Thus, option D is correct.

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