An Insured Account Requiring a Minimum Balance That Draws Interest

question 11

Multiple Choice

An insured account requiring a minimum balance that draws interest at a higher percentage than a regular savings account is called a __________ account.

• A) money market savings
• B) individual retirement
• C) checking
• D) business savings

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Definitions:

Terminally Ill

A condition in which an individual is facing a disease or illness that is incurable and likely to lead to death.

Common Law Marriages

A legally recognized marriage without formal ceremony or license, based on the couple's cohabitation and presentation as married to the public.

Notarized Agreement

A document that has been certified by a notary public to confirm the authenticity of the signatures on the agreement.

Live Together

The act of residing in the same house or place with someone else, typically in a domestic partnership.