Rhonda has a ________ account, which gives her an interest rate competitive with those of brokerage firm money market funds but requires a higher minimum balance and limits check writing to three per month.
A) checking
B) savings
C) NOW
D) money market
E) certificate of deposit

Question

Quizplus · Accepted Answer

The correct answer is D) money market. Money market accounts typically offer higher interest rates similar to those of brokerage firm money market funds, require higher minimum balances, and often limit the number of checks that can be written per month, matching the description given.

Rhonda Has a ________ Account, Which Gives Her an Interest