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

question 63

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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?


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Social Mobility

The movement of individuals, families, or groups through a system of social hierarchy or stratification.

United States

A country in North America, consisting of 50 states, characterized by a federal republic governance structure and a diverse cultural landscape.

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The total value of all goods and services produced within a country's borders in a specific time period, used as a measure of economic health.

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Services provided to individuals or communities to maintain or improve their health, including prevention, diagnosis, and treatment of diseases.

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