Kimberly has opened an account in Northwater City Bank. She receives a 3.5 percent interest rate on the money she deposits in her account. She does not use the funds from the account to meet her minor expenditures but only uses them when there is any major expenditure. In the context of this scenario, which of the following kinds of bank accounts does Kimberly hold?
A) A concentration account
B) A basic checking account
C) A fixed deposit account
D) A savings account
Correct Answer:
Verified
Q31: Emma runs a salon but does not
Q32: In the context of setting up your
Q33: In the context of setting up your
Q34: Quinton is a wine connoisseur. Every month,
Q35: A(n) _ is an interest-earning account that
Q37: Derrick, a finance graduate, has joined an
Q38: Karen is the sole breadwinner of her
Q39: In the context of retirement plans, the
Q40: Internships usually offer no monetary compensation, but
Q41: A _ allows the cardholder to make
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents