Zach Wants to Open an Account, but He Doesn't Know

question 63

Multiple Choice

Zach wants to open an account, but he doesn't know which kind is appropriate. He is interested in earning a higher interest rate and knows that he might not be able to write many checks from his account. In addition, he plans to keep at least $1,000 in his account so he can avoid paying a fee. He definitely wants to have federal deposit insurance. What kind of account should he open?

• A) A certificate of deposit
• B) An interest-earning checking account
• C) A money market account
• D) A money market fund
• E) A regular savings account

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Definitions:

Competitive-Edge Strategies

Tactics and approaches utilized by companies to gain a superior position in the marketplace and outrun their competitors.

Environmental-Change Strategies

are approaches organizations adopt to adjust and thrive in response to changes in the external environmental factors.

Risk-Management Strategies

Approaches and practices for identifying, assessing, and mitigating risks to minimize their impact on an organization.

Uncertainty

A condition of being unsure about something, especially regarding future events or the potential outcomes of actions.