Parker wants to open a new bank account. He is looking for an account with a good interest rate that he can mostly use for savings but that he can also write a few checks from each month, to pay his mortgage and utility bills. Which type of account would Jeremy most likely open?
A) a checking account
B) a savings account
C) a certificate of deposit account
D) a time deposit account
E) a money market account

Question

Quizplus · Accepted Answer

Parker would most likely open a money market account. Generally, in exchange for slightly higher interest rates, the owner of a money market account can write only a limited number of checks each month, and there may be a restriction on the minimum amount of each check.

Parker Wants to Open a New Bank Account