Which of the Following Types of Accounts Requires a Minimum

question 58

Multiple Choice

Which of the following types of accounts requires a minimum balance and draws interest at the highest rates?

• A) Checking account
• B) Savings account
• C) Money market savings account
• D) All of the above

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Definitions:

Physiological Needs

Basic human requirements for survival and physical well-being, such as food, water, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Security Needs

Fundamental requirements concerning an individual's or entity's need for safety and protection from harm.

Deficiency Needs

According to Maslow's hierarchy of needs, these are basic needs (such as food, shelter, and safety) that must be met before an individual can focus on higher-level psychological needs.

Security Needs

Basic human requirements for safety and protection from physical or emotional harm.