Which of the Following Accounts Would Tend to Give You

question 108

Multiple Choice

Which of the following accounts would tend to give you the higher interest combined with ease of access to your funds on a limited basis?

• A) Checking account
• B) MMDA
• C) NOW account
• D) CD

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Definitions:

Securities Exchange Act

A U.S. law enacted in 1934 to govern the trading of securities, such as stocks and bonds, in order to protect investors and maintain fair and efficient markets.

Securities Act

A U.S. federal law enacted in 1933 that governs the first sale of securities (stocks, bonds) to the public, requiring disclosure and registration.

Public Securities

Public Securities are financial instruments issued by governments or municipalities, such as bonds or notes, that are available for purchase by the public.

United Delivery

A generic term possibly referring to a delivery or courier service that operates on a uniform or nationwide basis.