Question

Which account option offers a higher rate of return in exchange for deposits that are
larger than normal?
O Certificate of deposit
Checking
O Savings
Money market

Answer 1

Answer:

A Money Market Deposit Account is similar to regular savings account, but offers a higher rate of interest in exchange for larger than normal deposits. A Money Market Fund invests in low risk securities

Answer 2

Money market is the account option offers a higher rate of return in exchange for deposits that are larger than normal. Hence, option D is correct.

What is money market?

A money market deposit account offers a greater rate of interest in exchange for larger deposits than usual, Similar to a standard savings account. A money market fund makes low-risk investments.

Commercial paper, call money, bills of exchange, promissory notes, trade credit, and certificates of deposit are the examples.

Thus, option D is correct.

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